Why you should get an appraisal from Andersen Appraisal

Year after year, thousands of people in California purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that may seem more practical than an appraisal. You might believe that obtaining a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a licensed, independent real estate professional might come in handy.

For real estate appraisals in Stockton and San Joaquin County, it's easiest when your order online from Andersen Appraisal, just click here.

Dispute your tax assessment in San Joaquin County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your home, so if values have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Andersen Appraisal is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.

Removing PMI will lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, nearly all lenders ask buyers to buy an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Andersen Appraisal will provide you with a statement regarding the value of your home. The expense of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the hard decision of who keeps the house, and it can be a particularly traumatic event for both parties. Regardless of the situation, it's prudent to order an appraisal from Andersen Appraisal so both parties are completely aware of the true market value of their house.

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

Settling an estate with peace of mind

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for 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, ensuring the utmost degree of discretion.

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.

Let Andersen Appraisal help you with relocating to or from San Joaquin County

We are familiar with the stress involved with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we encourage relocating employees to provide input on the positive aspects of their property, as well as information regarding any recent sales or listings in their area that they want considered.

Let Andersen Appraisal assist you in selling your home quickly at the right price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate 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.