Let Berge Company Appraisers serve your appraisal needs
To a lot of people, an appraisal is simply a line item on the break-sheet for a home sale or refinance. Most lenders still need a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation processes that may seem more cost-effective than an appraisal. You might believe that securing a mortgage is the only basis for getting an appraisal, but there are additional situations when the services of a certified, independent real estate professional might come in handy.
Dispute your tax assessment
It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your house, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Berge Company Appraisers is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the home buyeris more than 80% of the actual value of the property, almost all lenders ask home buyers to take out this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress 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, Berge Company Appraisers will give you a statement regarding the value of your home. The expense of the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
Get your appraisal from Berge Company AppraisersOrder today
Settle a divorce with less stress
A divorce is often complicated by the hard decision of who gets the property, and it can be a particularly traumatic ordeal for both parties. It's a good idea to get an appraisal from Berge Company Appraisers so both parties are entirely aware of the true market value of their property, regardless of the circumstances.
If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation
The loss of 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 real estate involved. We ensure 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 don't have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth 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 Los Angeles County through an employee relocation program
Employee relocation is a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide input on the positive features of their property, along with information about any current sales or listings in their neighborhood that they want considered.
Close on your home promptly — 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. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report.
We determine 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 trusted 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 homes stay on the market.