Reasons to order an appraisalTo a lot of people, an appraisal is simply one more thing on the break-sheet for a home sale or refinance. Even though there are a growing number of automated home valuation processes that may appear more economical than an appraisal, the majority of lenders still want a local expert because the stakes are very high. But is obtaining a mortgage theonlyreason you should get an appraisal? Are there additional cases when the services of a certified, independent real estate professional could come in handy? Of course.
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Let Berge Company Appraisers help you challenge your tax assessment in Los Angeles CountyIt's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if values have declined in your area, you can challenge your assessment and save money. When building your case, an appraisal from Berge Company Appraisers is your best evidence. We're capable of assisting you in appealing your tax assessment.
Removing PMI will lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, almost all lenders ask home owners to purchase an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI isn't necessary when the remainder 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 passed by the United States Congress requiring lenders to remove the PMI installments when the balance is paid down to 78% of the original value.
Berge Company Appraisers can provide you with a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.
An appraisal from Berge Company Appraisers will help you settle a divorce with less stressA divorce is often complicated by the troublesome decision of who keeps the house, and it can be a very heartbreaking ordeal for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from Berge Company Appraisers so both parties are completely aware of the true market value of their home.
If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation with Berge Company AppraisersSettling an estateThe loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Berge Company Appraisers can assist you in relocating to or from Los Angeles CountyEmployee relocation is a more than just an inconvenience. We know where you're coming from! We take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any current sales or listings in their area that they want considered during our thorough process.
Sell your home quickly at the right priceA professional appraisal can help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of 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 trusted 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 houses stay on the market.