Reasons to get an appraisalThousands of people in California purchase, sell or refinance their home every year. A lot of these transactions involve a simple line item for an appraisal. Even though there are a growing number of automated home valuation processes that might appear more prudent than an appraisal, nearly all lenders still need a local expert because the stakes are so high. You might believe that obtaining a mortgage is the only reason you should get an appraisal, but there are more times when the services of a licensed, independent real estate professional might come in handy. 
Dispute your tax assessmentIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your real estate, so if values have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Premier Appraisal of SoCal is your best evidence when building your case. We can assist you in challenging your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the property, most lenders ask homeowners to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. Premier Appraisal of SoCal can provide you with a statement regarding the value of your home, and the cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI. Get your appraisal from Premier Appraisal of SoCal Order onlineGet a fair valuation on a home for divorce settlementsA divorce is often complicated by the burdensome decision of who gets the house, and it can be a very horrible occurrence for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from Premier Appraisal of SoCal so both parties are completely aware of the true market value of their house. If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Determine a fair and accurate valuation for estate liquidationThe 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 residential property involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal. Move to or from Orange County for workEmployee relocation can be a stressful event, and we understand. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide input on the positive features of their property, as well as information about any recent sales or listings in their area that they want considered. Close on your home quickly — for an accurate priceA professional appraisal will help you make a more informed decision when determining your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Apart from 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 calculated on our efforts to finish the appraisal report. On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining 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, because we're experts in knowing how long properties are one the market. 
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