Why you should order an appraisal

Each year, thousands of people in buy, sell or refinance their home. Most of these transactions include a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation systems that may appear more prudent than an appraisal. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are other cases when the services of a certified, independent real estate professional might come in handy.

Let Piscitelli Appraisal Service assist you in lowering your mortgage payment

Dispute your tax assessment

If you live in an area where the value of property has 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 disputing your tax assessment.

PMI removal to reduce your mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, many lenders ask homeowners to take out this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

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

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Get a fair valuation on a home for divorce settlements

A divorce is often complicated by the challenging decision of who keeps the home, and it can be a particularly horrible experience for both parties. 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, regardless of the circumstances.

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

Ascertain a fair and accurate valuation for estate liquidation

The death of 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 real estate involved. We guarantee the fullest 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 manage these issues, unlike many wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocate to or from Ventura County for work

Employee relocation can be a stressful event, and we understand. That's why 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 attributes of their property, along with information about any new 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 better educated decision when determining your selling 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, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, obtaining 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.

Let Piscitelli Appraisal Service assist you in selling your home quickly at the right price