Reasons to order an appraisal from Active Appraisal Service
Year after year, thousands of people in California buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. And even though there are a budding number of automated home valuation methods that may appear to be more practical than an appraisal, nearly all lenders still need a local expert because the stakes are very high. Is obtaining a mortgage the only basis for getting an appraisal? Are there additional situations when the services of a certified, independent real estate professional could come in handy? Of course there are.
Contest your tax assessment in Stanislaus County
It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in disputing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. This added payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Active Appraisal Service can produce a statement regarding the value of your home. The cost of the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.
Order an appraisal from Active Appraisal ServiceOrder today
Divorce settlement with less stress
A divorce can be a particularly horrible event for both parties, and it is often further complicated by the challenging decision of who gets 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 Active Appraisal Service, regardless of the situation.
The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Determine a fair and accurate 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. 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 significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocate to or from Stanislaus County for work
We are familiar with the headaches associated with an employee relocation. That being said, 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 attributes of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection.
Close on your home promptly — at an accurate price
Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.
We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to decide 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, because we're experts in knowing how long properties stay on the market.