Reasons to order an appraisal from Abandy & Associates Appraisal Services
To many, an appraisal just looks like another cost on the settlement sheet for a mortgage or refinance. Practically all lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that may seem more cost-effective than an appraisal. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are additional instances when the services of a certified, independent real estate professional could come in handy.
Challenge your tax assessment in San Bernardino County
If you live 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 Abandy & Associates Appraisal Services, we're capable of assisting you in challenging your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that nearly all lenders ask buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Since the added payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Abandy & Associates Appraisal Services will produce a statement regarding the value of your home. The expense of the appraisal can usually 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 ordeal for both parties, and it is often even more complicated by the hard decision of who maintains the home. It's a good idea to get an appraisal from Abandy & Associates Appraisal Services so both parties are entirely aware of the true market value of their property, regardless of the circumstances.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Ascertain an accurate and fair valuation for estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. We ensure 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 wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Move to or from San Bernardino County for work
We understand the stress associated with an employee relocation. That's why we take great care in establishing an accommodating 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 recent sales or listings in their neighborhood that they want considered during our intensive inspection.
Sell your home quickly — at an accurate price
A professional appraisal can help you make a more informed decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. 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 not a percentage of the sales price.
We examine the difference in value things like an extra 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 homes are one the market.