Why you should order an appraisal from Appraisal Quest Co. (805) 469-3088To many, an appraisal is simply another cost on the settlement sheet for a home sale or refinance. While there are a growing number of automated home valuation processes that may appear to be more economical than an appraisal, the majority of lenders still need a local expert because the stakes are incredibly high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are more situations when the services of a certified, independent real estate professional might be beneficial. Dispute your tax assessment in Ventura CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your house, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from Appraisal Quest Co. (805) 469-3088 is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment. Removing PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Most often, this additional payment is lumped into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. Appraisal Quest Co. (805) 469-3088 will give you a statement regarding the value of your home, and the price you paid for the appraisal can generally be recovered in little time because you'll no longer be paying the PMI. Get your appraisal from Appraisal Quest Co. (805) 469-3088 Order todaySettle a divorce with less stressA divorce is often complicated by the strenuous decision of who keeps the house, and it can be a very daunting occurrence for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Appraisal Quest Co. (805) 469-3088 so both parties are fully aware of the true market value of their property. The parties will have a better idea 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 gotten a fair evaluation. Accurate and fair estate liquidationThe death of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion. Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these matters. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal. Relocate to or from Ventura County for workEmployee relocation is a stressful event, and we understand. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive features of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered. Close on your home promptly — for the right priceWhether you decide 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. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report. On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, getting 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. |