Reasons to order an appraisal from Piscitelli Appraisal Service

To a lot of people, an appraisal is simply a line item on the settlement sheet for a mortgage or refinance. And even though there are a budding number of automated home valuation processes that might appear to be cheaper than an appraisal, almost all lenders still call for a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason to get an appraisal, but there are more instances when the services of a licensed, independent real estate professional could come in handy.

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Challenge your tax assessment in Ventura County

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in disputing your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the homeowneris more than 80% of the actual value of the property, nearly all lenders ask homebuyers to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is folded into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Piscitelli Appraisal Service can give you a statement regarding the value of your home. The expense of the home valuation can often be offset in little time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is a very horrible experience for the parties involved, and it is often further complicated by the strenuous decision of who gets the home. It's a good idea to order an appraisal from Piscitelli Appraisal Service so both parties are entirely aware of the true market value of their home, regardless of the situation.

If the parties want to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Determine an accurate and fair valuation for estate liquidation

Losing a loved one is a difficult 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Ventura County for work

Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our intensive inspection.

Sell your home promptly — at the right price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. 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