6 Reasons you should order an appraisal from Piscitelli Appraisal Service
Thousands of people in California buy, sell or refinance their home each month. Many of these transactions contain a simple line item for an appraisal. While there are a developing number of automated home valuation processes that may appear more economical than an appraisal, the majority of lenders still want a local expert because the stakes are incredibly high. You might think that getting a mortgage is the only reason you should get an appraisal, but there are additional instances when the services of a certified, independent real estate professional might be helpful.
Dispute your tax assessment
If you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Piscitelli Appraisal Service is your best evidence when building your case. We can assist you in appealing your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the buyeris more than 80% of the actual value of the real estate, most lenders ask homeowners to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. This is bad because PMI isn't necessary 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.
Piscitelli Appraisal Service will provide you with a statement regarding the value of your home, and the expense of the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be a very horrible event for both parties, and it is often more complicated by the difficult decision of who maintains the house. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from Piscitelli Appraisal Service, regardless of the situation.
If the parties want 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 received a fair assessment.
Ascertain an accurate and fair valuation for estate liquidation
The loss 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Move to or from Ventura County for work
Employee relocation is a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, along with information about any new sales or listings in their neighborhood that they want considered during our thorough inspection.
Sell your home promptly — at the right price
A professional appraisal can help you make a better educated 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. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable 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 homes are one the market.