Let Active Appraisal Service take care of your appraisal needs
Thousands of people in California buy, sell or refinance their home each year. Many of these transactions consist of a simple line item for an appraisal. Even though there are a growing number of automated home valuation processes that may appear less expensive than an appraisal, most lenders still call in a local expert because the stakes are incredibly high. You might think that getting a mortgage is the only basis for getting an appraisal, but there are other cases when the services of a licensed, independent real estate professional might be beneficial.
Contest your tax assessment
If you are in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Active Appraisal Service is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.
Eliminate PMI to lower your mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the home, nearly all lenders ask buyers to buy this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Active Appraisal Service can provide you with a statement regarding the value of your home. The cost of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is a particularly traumatic ordeal for the parties involved, and it is often further complicated by the hard decision of who maintains the home. Regardless of the circumstances, it's a good idea to get an appraisal from Active Appraisal Service so both parties are fully aware of the true market value of their home.
If the parties need to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation
The death of a loved one is a hard 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 maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocate to or from Stanislaus County for work
Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive attributes of their property, as well as information regarding any new sales or listings in their area that they want considered.
Sell your home quickly — for the right price
Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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, because we're experts in knowing how long properties stay on the market.