Why you should hire an appraiser

To many, an appraisal just looks like a line item in the long list of items for a mortgage or refinance. Practically all lenders still need a local expert because the stakes are so high, even though there are an increasing number of automated home valuation methods that might appear less expensive than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there also situations when the services of a licensed, independent real estate professional could be helpful? Of course there are.

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Contest your tax assessment in Orange County

It's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your real estate, so if values have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At Premier Appraisal of SoCal, we're equipped to assist you in challenging your tax assessment.

PMI removal to lower a mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Premier Appraisal of SoCal will produce a statement regarding the value of your home. The cost of the appraisal can usually be regained in little time because you'll no longer be paying the PMI.

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Get a clear valuation on a home take make a divorce settlement less stressful

A divorce is often complicated by the difficult decision of who keeps the house, and it can be a particularly traumatic occurrence for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Premier Appraisal of SoCal, regardless of the situation.

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 assessment.

Determine an accurate and fair valuation for estate liquidation

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

Most Americans do not have dedicated estate planners or executors to manage these issues, unlike wealthy individuals. And seeing that a home or other property often makes up an uneven 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 Orange County through an employee relocation program

We are aware of the headaches associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide input on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered.

Sell your home quickly — at the right price

A professional appraisal will help you make a more informed decision when determining 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 price the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, obtaining a professional appraisal is a trusted way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let Premier Appraisal of SoCal help you sell your home quickly at the right price