Reasons you should order an appraisal from Good Appraisal Services, Inc.

To many, an appraisal just looks like another cost in the long list of items for a home purchase or refinance. And while there are a multiplying number of automated home valuation processes that may appear to be more cost-effective than an appraisal, the majority of lenders still want a local expert because the stakes are very high. You might believe that getting a mortgage is the only reason you should get an appraisal, but there are additional cases when the services of a certified, independent real estate professional could be helpful.

Let Good Appraisal Services, Inc. help you lower your mortgage payment

Appeal your tax assessment in Riverside County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if values are less than what they used to be in your area, 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.

PMI removal to lower a mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask home buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Oftentimes, this extra payment is lumped into the monthly mortgage payment and is soon forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

Good Appraisal Services, Inc. will give you a statement regarding the value of your home, and the cost of the home valuation can usually be recovered in little time because you'll no longer be paying the PMI.

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Get a clear valuation on a home for divorce settlements

A divorce is a particularly traumatic event for the parties involved, and it is often further complicated by the burdensome decision of who maintains the property. It's a good idea to order an appraisal from Good Appraisal Services, Inc. so both parties are fully aware of the true market value of their house, regardless of the situation.

If the parties wish 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 received a fair evaluation.

Determine an accurate and fair 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 entails 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 wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocate to or from Riverside County for work

We understand the stress associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive attributes of their property, along with information about any current sales or listings in their area that they want considered.

Sell your home promptly — at an accurate price

A professional appraisal will help you make a more informed decision when determining your asking price, whether you decide to sell your home on your own or use the assistance 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 depend on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide 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 homes are one the market.

Let Good Appraisal Services, Inc. assist you in selling your home quickly at the right price