Let 1st Quality Appraisals, Inc attend to your appraisal needs
Thousands of people in California buy, sell or refinance their home each year. A lot of these transactions consist of a simple line item for an appraisal. While there are a developing number of automated home valuation systems that might appear to be less expensive than an appraisal, almost all lenders still need a local expert because the stakes are very high. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are more times when the services of a licensed, independent real estate professional might be helpful.
Appeal your tax assessment in San Bernardino County
It's possible 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 past assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from 1st Quality Appraisals, Inc is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, many lenders ask homeowners to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
1st Quality Appraisals, Inc will give you a statement regarding the value of your home, and the price you paid for the home valuation can usually be recovered in little time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce can be an especially daunting ordeal for both parties, and it is often more complicated by the hard decision of who gets the house. It's a good idea to get an appraisal from 1st Quality Appraisals, Inc so both parties are completely aware of the true market value of their house, regardless of the circumstances.
The parties will have a a good idea of what price to set, if they wish 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 assessment.
Accurate and fair estate liquidation
The loss of a loved one is a difficult 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from San Bernardino County through an employee relocation program
We are familiar with the headaches involved with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed inspection.
Close on your home promptly — for an accurate price
A professional appraisal will help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount 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.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to decide 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 houses stay on the market.