Attention homeowners: Real estate appraisal services for in Los Angeles and Los Angeles County
The top reasons California homeowners need Appraisal Quality:
At Appraisal Quality, we understand the unique needs of a homeowner in need of appraisal services. The appraisal process and reporting formats are familiar to our business clients like lenders, lawyers, and accountants. Being a person not in the real estate industry that ordinarily doesn't see an appraisal every day, you'll receive extra guidance and explanations through the appraisal process to more clearly understand what we do and how we report our findings.
Pre-listing Services/For Sale by Owner (FSBO)Since you have an emotional attachment to your home, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic price to sell at so your property will attract interested buyers, a professional appraisal is a crucial negotiating tool once you have a potential buyer. It's something concrete to show the buyer. It's an independent third party's opinion of your house's value, and not just how much your house is worth. Interested buyers know you have an emotional attachment to your home and will be far more likely to give credibility to a qualified appraiser's value estimation than yours.
Challenging property tax assessmentsYour local tax assessor may have your house overvalued if you live in an area that is declining. That only means you are most likely paying more taxes than you should. Since your property assessment may likely go up again in the next period, the faster you take care of things like this, the better. An expert appraisal from Appraisal Quality is your number one weapon when challenging your property tax assessment.
Need to cancel PMI?PMI stands for Private Mortgage Insurance. An attractive way to cut costs for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan is less than 80% of the value of your home, in most cases you can apply to your lender to have the PMI eliminated from your loan, which will make your monthly payments go down. We are qualified in helping clients just like you rid themselves of unwanted and unneeded PMI insurance.
HELOC recently frozen?If your house is in or near a declining area, your lender might just choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be inconvenient from a cash flow point of view, and detrimental to your credit score since it may appear as though that credit line is maxed out. A professional appraisal from Appraisal Quality can help you reinstate your HELOC.
We Provide Field and Desktop Appraisal Review ServicesHave you just been handed a copy of your appraisal and you would like to have a veteran appraiser double-check it for precision or do you need a second opinion without the expense and delay of waiting for a whole new appraisal? In a field review we will go out and check the subject and comps. If you're in a hurry, we'll provide desk review and verify as many facts as we can, using online data sources as well as our own files.
We can also provide a retrospective review of any appraisal report you may have had done before. Even though most review work is commissioned by lenders for quality control, homeowners that have reason to believe they've been the victim of mortgage fraud are prudent to get a second opinion.