Reasons to hire an appraiser

Thousands of people in California buy, sell or refinance their home every month. A lot of these transactions include a simple line item for an appraisal. While there are a budding number of automated home valuation methods that might seem less expensive than an appraisal, almost all lenders still want a local expert because the stakes are very high. Is securing a mortgage the only reason you should get an appraisal? Are there additional cases when the services of a licensed, independent real estate professional could come in handy? Of course.

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Contest your tax assessment

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At 1st Quality Appraisals, Inc, we're equipped to assist you in appealing your tax assessment.

Eliminating PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an extra insurance plan that most 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 home. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is no longer required when the leftover balance 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 implemented by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

1st Quality Appraisals, Inc can produce a statement regarding the value of your home, and the price you paid for the appraisal can often be regained in little time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is an especially daunting ordeal for the parties involved, and it is often further complicated by the strenuous decision of who keeps the house. Regardless of the situation, it's a good idea to get an appraisal from 1st Quality Appraisals, Inc so both parties are entirely aware of the true market value of their home.

The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Fair and accurate estate liquidation

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up an unequal share of the total estate value, 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 through an employee relocation program

Employee relocation can be a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our thorough inspection.

Close on your home promptly — for the right price

Whether you want 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 regarding your selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we determine the difference in value things 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 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.

Let 1st Quality Appraisals, Inc help you sell your home quickly at the right price