Reasons you should order an appraisal from Abandy & Associates Appraisal Services
Thousands of people in California purchase, sell or refinance their home each month. Most of these transactions contain 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 an increasing number of automated home valuation methods that may appear less expensive than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be beneficial.
Dispute your tax assessment in San Bernardino County
If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Abandy & Associates Appraisal Services is your best evidence when building your case. At Abandy & Associates Appraisal Services, 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 home owneris more than 80% of the actual value of the home, many lenders ask homeowners to purchase this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped 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% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Abandy & Associates Appraisal Services will provide you with a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is an especially horrible experience for the parties involved, and it is often further complicated by the challenging decision of who maintains the home. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Abandy & Associates Appraisal Services, regardless of the circumstances.
If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Determine an accurate and fair valuation for estate liquidation
Losing a loved one is a hard 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 ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to manage these issues, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from San Bernardino County for work
We know the stress associated with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any new 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 use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable 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, because we're experts in knowing how long properties are one the market.