Reasons to choose an appraisal from MacBride Appraisal
Thousands of people in California purchase, sell or refinance their home every year. Most of these transactions include a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that may seem less expensive than an appraisal. You might believe that getting a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a certified, independent real estate professional could come in handy.
Challenge 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 determined by a past assessment of your home, so if values have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At MacBride Appraisal, we're capable of assisting you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask home buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. More often than not, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
MacBride Appraisal can produce a statement regarding the value of your home, and the expense of the appraisal can often be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce can be a very traumatic ordeal for both parties, and it is often even more complicated by the challenging decision of who maintains the home. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from MacBride Appraisal, regardless of the situation.
The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Determine an accurate and fair valuation for estate liquidation
The loss of a loved one is a difficult 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, guaranteeing the utmost degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. 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 essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocate to or from San Diego County for work
Employee relocation is a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide remarks on the positive attributes of their property, as well as information about any recent sales or listings in their neighborhood that they want considered.
Sell your home promptly — at an accurate price
A professional appraisal will help you make a more informed decision regarding 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 price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to determine 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 are one the market.