Why you should order an appraisal

Thousands of people in California purchase, sell or refinance their home each month. A lot of these transactions consist of a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation systems that might seem cheaper than an appraisal. But is getting a mortgage the only reason to acquire an appraisal? Are there more situations when the services of a certified, independent real estate professional could be beneficial? You bet there are.

For real estate appraisals in Los Angeles and Los Angeles County, it's easiest when your order online from WalshStreet Appraisals, just click here.

Dispute your tax assessment in Los Angeles County

It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your real estate, so if prices have declined in your area, you can challenge your assessment and save money. When building your case, an appraisal from WalshStreet Appraisals is your best evidence. At WalshStreet Appraisals, we're qualified to assist you in challenging your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that many lenders ask home buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. Oftentimes, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to eliminate PMI, WalshStreet Appraisals will produce a statement regarding the value of your home. The expense of the appraisal can generally be recovered in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from WalshStreet Appraisals

A divorce can be an especially traumatic ordeal for both parties, and it is often more complicated by the burdensome decision of who maintains the house. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from WalshStreet Appraisals, regardless of the circumstances.

If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Accurate and fair estate liquidation with help from WalshStreet AppraisalsSettling an estate

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And since a home or other property often makes up an uneven share of the total estate value, knowing the certain value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Los Angeles County

We are familiar with the stress involved with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered.

Don't sell out for too little or keep your home on the market too long.

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to determine what improvements will add value and what a suitable sales price is for your home - so you don't come up short or have your house on the market an unnecessarily long time - because we're experts in knowing how long houses stay on the market.