Reasons to get an appraisal from CALI Real Estate Appraisals

Thousands of people in California buy, sell or refinance their home every year. Most of these transactions consist of a simple line item for an appraisal. Practically all lenders still want a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that may seem more prudent than an appraisal. You might assume that securing a mortgage is the only basis for getting an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could be beneficial.

Let CALI Real Estate Appraisals assist you in lowering your mortgage payment

Dispute your tax assessment

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 CALI Real Estate Appraisals is your best evidence when building your case. At CALI Real Estate Appraisals, we're capable of assisting you in disputing your tax assessment.

PMI removal to reduce your mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the real estate, many lenders ask homebuyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary 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 dismiss the PMI installments when the loan-to-value ratio conditions have been met.

CALI Real Estate Appraisals will give you a statement regarding the value of your home, and the cost of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce can be an especially horrible event for both parties, and it is often further complicated by the strenuous decision of who maintains the house. Regardless of the circumstances, it's a good idea to order an appraisal from CALI Real Estate Appraisals so both parties are entirely aware of the true market value of their property.

If the parties want to sell the home, they'll have a a good 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 evaluation.

Determine an accurate and fair valuation for 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these issues, unlike wealthy individuals. A home or other property often makes up a disproportionate 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 walk away knowing they've received a fair deal.

Move to or from Riverside 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 characteristics of their property, along with information regarding any new sales or listings in their neighborhood that they want considered during our thorough inspection.

Close on your home promptly — at an accurate price

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are calculated 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 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 properties stay on the market.

Let CALI Real Estate Appraisals help you sell your home quickly at the right price