Reasons to get an appraisal

To a lot of us, an appraisal just looks like a line item in the long list of items for a mortgage or refinance. And while there are an increasing number of automated home valuation methods that might appear to be more economical than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could be helpful.

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Dispute your tax assessment in Ventura County

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Piscitelli Appraisal Service, we're capable of assisting you in disputing your tax assessment.

Eliminating PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask home buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Piscitelli Appraisal Service will provide you with a statement regarding the value of your home. The expense of the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with less stress

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

The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Determine an accurate and fair valuation for estate liquidation

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an unequal 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 gotten an honest deal.

Relocate to or from Ventura County for work

We know the stress associated with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide input on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered.

Close on your home quickly — at the right price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable 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 houses stay on the market.

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