Let 1st Quality Appraisals, Inc serve your appraisal needs
To many, an appraisal just looks like a line item in the long list of items for a home purchase or refinance. Most lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that might seem more practical than an appraisal. Is obtaining a mortgage the only basis for getting an appraisal? Are there other times when the services of a licensed, independent real estate professional could come in handy? Of course there are.
Contest your tax assessment in San Bernardino County
It's likely you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a past assessment of your home, so if prices have gone down in your area, you can appeal your assessment and save money. An appraisal from 1st Quality Appraisals, Inc is your best evidence when building your case. At 1st Quality Appraisals, Inc, we're qualified to assist you in disputing your tax assessment.
Get rid of PMI to lower your mortgage payment
When the amount being loaned to the buyeris more than 80% of the actual value of the real estate, many lenders ask homeowners to take out this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
1st Quality Appraisals, Inc will provide you with a statement regarding the value of your home, and the cost of the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce can be a very horrible event for both parties, and it is often more complicated by the strenuous decision of who gets the house. Regardless of the circumstances, it's a good idea to order an appraisal from 1st Quality Appraisals, Inc so both parties are fully aware of the true market value of their home.
The parties will have a a good idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Determine a fair and accurate valuation for estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocate to or from San Bernardino County for work
Employee relocation can be a stressful event, and we understand. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any new sales or listings in their area that they want considered during our intensive inspection.
Sell your home quickly — for an accurate price
Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated 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 aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to determine what improvements will add value and what an applicable 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 properties stay on the market.