6 Reasons you should order an appraisal from Piscitelli Appraisal ServiceEach year, thousands of people in buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Most lenders still want a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation systems that may seem cheaper than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there other situations when the services of a licensed, independent real estate professional could come in handy? You bet there are. 
Challenge your tax assessment in Ventura CountyIt's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if values have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Piscitelli Appraisal Service is your best evidence when building your case. We can assist you in appealing your tax assessment. Get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask home buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Piscitelli Appraisal Service can provide you with a statement regarding the value of your home. The cost of the home valuation can often be offset in little time because you'll no longer be paying the PMI. Order an appraisal from Piscitelli Appraisal Service Order onlineSettle a divorce with less stressA divorce can be an especially traumatic event for both parties, and it is often further complicated by the troublesome decision of who maintains the house. Regardless of the situation, 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 house. If the parties want to sell the home, they'll have a a good 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. Ascertain a fair and accurate valuation for estate liquidationLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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, guaranteeing the utmost degree of discretion. Most Americans do not 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, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal. Relocate to or from Ventura County for workWe are familiar with the stress associated with an employee relocation. That's why 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 thorough inspection. Sell your home quickly — for an accurate priceA professional appraisal can help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report. We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, seeking 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. 
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