Reasons to get an appraisal
Every year, thousands of people in California buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are so high, even though there are a budding number of automated home valuation processes that might seem more economical than an appraisal. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are more instances when the services of a licensed, independent real estate professional could be beneficial.
Challenge your tax assessment
It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Most often, this additional payment is lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
MacBride Appraisal will give you a statement regarding the value of your home, and the cost of the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
Order an appraisal from MacBride AppraisalOrder today
Divorce settlement with less stress
A divorce is often complicated by the difficult decision of who keeps the property, and it can be a particularly daunting event for both parties. It's a good idea to order an appraisal from MacBride Appraisal so both parties are completely aware of the true market value of their home, regardless of the circumstances.
If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Determine a fair and accurate valuation for estate liquidation
The death 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 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 fullest degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from San Diego County through an employee relocation program
We know the stress associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered during our thorough inspection.
Sell your home promptly — 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 selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, getting 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.