There are lots of reasons the public calls on Advanced Appraisal Services

To many, an appraisal just looks like a line item in the long list of items for a home purchase or refinance. While there are a multiplying number of automated home valuation processes that may appear to be cheaper than an appraisal, practically all lenders still call in a local expert because the stakes are very high. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are more cases when the services of a certified, independent real estate professional might come in handy.


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Challenge your tax assessment in Los Angeles County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if values have gone down in your area, you can challenge your assessment and save money. An appraisal from Advanced Appraisal Services is your best evidence when building your case. At Advanced Appraisal Services,we can assist you in appealing your tax assessment.

Let Advanced Appraisal Services help you eliminate PMI to lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, many lenders ask home owners to purchase an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented 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.

Advanced Appraisal Services will give you a statement regarding the value of your home, and the cost of the home valuation can generally be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Advanced Appraisal Services

A divorce is often complicated by the burdensome decision of who keeps the property, and it can be a particularly heartbreaking experience for both parties. Regardless of the situation, it's a good idea to order an appraisal from Advanced Appraisal Services so both parties are fully aware of the true market value of their property.

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

Settling an estate with peace of mind

The loss 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 Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. 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 vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Let Advanced Appraisal Services assist you in relocating to or from Los Angeles County

We are familiar with the headaches associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive process.

Let Advanced Appraisal Services help you sell your home quickly at the right price

A professional appraisal will help you make a more informed decision regarding your asking price, whether you want to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value we come up with, but rather they are based on our efforts to complete the appraisal.

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, getting a professional appraisal is a trusted 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 for an extended amount of time.