Why you should hire an appraiser

Thousands of people in California purchase, sell or refinance their home each year. Most of these transactions involve a simple line item for an appraisal. Even though there are a developing number of automated home valuation processes that may appear more cost-effective than an appraisal, most lenders still need a local expert because the stakes are incredibly high. Is securing a mortgage the only reason you should get an appraisal? Are there additional situations when the services of a certified, independent real estate professional could be beneficial? You bet there are.

Let Appraisal Quest Co. (805) 469-3088 assist you in lowering your mortgage payment

Appeal your tax assessment

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your real estate, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from Appraisal Quest Co. (805) 469-3088 is your best evidence when building your case. At Appraisal Quest Co. (805) 469-3088, we're capable of assisting you in disputing your tax assessment.

Get rid of PMI to lower your mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the property, many lenders ask home buyers to take out this added 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 damaging because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls 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 payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Appraisal Quest Co. (805) 469-3088 can produce a statement regarding the value of your home. The expense of the home valuation can generally be regained in little time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce can be an especially daunting ordeal for both parties, and it is often further complicated by the strenuous decision of who keeps the house. 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, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they wish 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 evaluation.

Determine an accurate and fair valuation for estate liquidation

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Ventura County for work

We are familiar with the headaches involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input 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 detailed inspection.

Close on your home quickly — for 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. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report.

We analyze the difference in value things 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 an appropriate 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 are one the market.

Let Appraisal Quest Co. (805) 469-3088 assist you in selling your home quickly at the right price