Why you should order an appraisal from Piscitelli Appraisal Service

Thousands of people in buy, sell or refinance their home every month. Many of these transactions involve a simple line item for an appraisal. Most lenders still want a local expert because the stakes are so high, even though there are a growing number of automated home valuation processes that might seem less expensive than an appraisal. Is getting a mortgage the only reason to get an appraisal? Are there other cases when the services of a certified, independent real estate professional might come in handy? Absolutely.

Let Piscitelli Appraisal Service help you lower your mortgage payment

Dispute your tax assessment

It's probable 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 prices are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Piscitelli Appraisal Service is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the home owneris more than 80% of the actual value of the property, nearly all lenders ask home owners to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this added payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

Piscitelli Appraisal Service will produce a statement regarding the value of your home, and the price you paid for the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.

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Get a clear valuation on a home take make a divorce settlement less stressful

A divorce can be a very traumatic event for both parties, and it is often further complicated by the troublesome decision of who keeps the property. Regardless of the situation, it's a good idea to order an appraisal from Piscitelli Appraisal Service so both parties are completely aware of the true market value of their property.

If the parties want 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 assessment.

Accurate and fair estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We ensure 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 do not have dedicated estate planners or executors to manage these affairs, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Ventura County through an employee relocation program

We are aware of the headaches associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any current sales or listings in their area that they want considered during our thorough inspection.

Sell your home promptly — at an accurate price

A professional appraisal will help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, getting a professional appraisal is a trusted way to decide 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.

Let Piscitelli Appraisal Service help you sell your home quickly at the right price