Reasons to order an appraisal from Bowers Real Estate & Appraisal Services

Each year, thousands of people in California purchase, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. While there are a developing number of automated home valuation processes that may appear to be more economical than an appraisal, nearly all lenders still want a local expert because the stakes are very high. You might think that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional times when the services of a certified, independent real estate professional could be beneficial.

Let Bowers Real Estate & Appraisal Services assist you in lowering your mortgage payment

Appeal your tax assessment

If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Bowers Real Estate & Appraisal Services is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the real estate, almost all lenders ask home buyers to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Bowers Real Estate & Appraisal Services will produce a statement regarding the value of your home. The price you paid for the appraisal can usually be offset in little time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is an especially traumatic event for the parties involved, and it is often more complicated by the challenging decision of who gets the house. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from Bowers Real Estate & Appraisal Services, regardless of the circumstances.

If the parties wish to sell the home, they'll have a a good 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 gotten a fair assessment.

Fair and accurate estate liquidation

Losing a loved one is a hard 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. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Los Angeles County through an employee relocation program

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

Close on your home promptly — for an accurate price

A professional appraisal can help you make a more informed decision when determining your selling price, whether you want 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 aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, getting 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.

Let Bowers Real Estate & Appraisal Services help you sell your home quickly at the right price