Reasons you should order an appraisal from Piscitelli Appraisal Service
To a lot of us, an appraisal just looks like one more thing on the break-sheet for a home sale or refinance. Nearly all lenders still call in a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation processes that might appear more prudent than an appraisal. Is obtaining a mortgage the only reason you should get an appraisal? Are there other cases when the services of a licensed, independent real estate professional might come in handy? You bet there are.
Contest your tax assessment in Ventura County
If you are 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. At Piscitelli Appraisal Service, we're qualified to assist you in challenging your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the home owneris more than 80% of the actual value of the home, nearly all lenders ask home owners to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments 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 regained in little time 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 traumatic ordeal for both parties, and it is often even more complicated by the troublesome decision of who keeps the home. Regardless of the circumstances, it's a good idea to order an appraisal from Piscitelli Appraisal Service so both parties are fully aware of the true market value of their property.
The parties will have a better 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 an accurate and fair valuation for estate liquidation
Losing 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 residential property involved. We ensure 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 affairs, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from Ventura County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our detailed inspection.
Close on your home quickly — at the right price
A professional appraisal can help you make a more informed decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. 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 items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to determine 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 properties stay on the market.