Reasons someone would use the services of Peninsula Real Estate Appraisal

To a lot of people, an appraisal is simply one more thing on the break-sheet for a home sale or refinance. And even though there are a multiplying number of automated home valuation methods that may appear to be more economical than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. But is obtaining a mortgage the only basis for getting an appraisal? Are there more instances when the services of a certified, independent real estate professional might be helpful? Of course there are.

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Let Peninsula Real Estate Appraisal help you appeal your tax assessment in San Mateo County

It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your house, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Peninsula Real Estate Appraisal is your best evidence. At Peninsula Real Estate Appraisal,we can assist you in challenging your tax assessment.

Peninsula Real Estate Appraisal can help you eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask homeowners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

Peninsula Real Estate Appraisal will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Peninsula Real Estate Appraisal

A divorce is a very traumatic experience for the parties involved, and it is often further complicated by the challenging decision of who maintains the property. It's a good idea to order an appraisal from Peninsula Real Estate Appraisal so both parties are entirely aware of the true market value of their house, regardless of the situation.

The parties will have a better idea of what price to set, if they need 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.

Accurate and fair estate liquidation

The death 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 Market Value for the residential property 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 don't have dedicated estate planners or executors to take care of these affairs, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocating to or from San Mateo County

We understand the headaches involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered during our detailed process.

Don't sell out short or let your home stay on the market too long.

A professional appraisal can help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate 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.