Reasons to get an appraisal from 1st Quality Appraisals, Inc
Every year, thousands of people in California purchase, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that might appear more cost-effective than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there more instances when the services of a certified, independent real estate professional could be beneficial? Of course.
Contest your tax assessment in San Bernardino County
If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from 1st Quality Appraisals, Inc is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
PMI removal to lower a mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that many lenders ask 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 additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. 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 installments when the loan-to-value ratio conditions have been met.
1st Quality Appraisals, Inc can provide you with a statement regarding the value of your home, and the expense of the appraisal can often be offset 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 event for both parties, and it is often even more complicated by the burdensome decision of who maintains the property. Regardless of the situation, 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.
If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Determine a fair and accurate valuation for estate liquidation
Losing a loved one is a difficult 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 utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Move to or from San Bernardino County through an employee relocation program
We understand the headaches involved with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide feedback on the positive aspects of their property, as well as information about any recent sales or listings in their neighborhood that they want considered.
Close on your home promptly — for an accurate price
Whether you decide to sell your home on your own or use the assistance 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 aren't related to the sales price, but rather they rest on our efforts to finish the appraisal report.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, seeking a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.