Reasons to order an appraisal

Every year, thousands of people in California buy, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. And even though there are a developing number of automated home valuation systems that may appear more economical than an appraisal, practically all lenders still call in a local expert because the stakes are so high. Is securing a mortgage the only basis for getting an appraisal? Are there more situations when the services of a certified, independent real estate professional might be helpful? Of course there are.

Let Bowers Real Estate & Appraisal Services help you lower your mortgage payment

Appeal your tax assessment

If you live in an area where property values have 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 equipped to assist you in challenging your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask homebuyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Oftentimes, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is unfavorable 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 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 get rid of PMI, Bowers Real Estate & Appraisal Services can provide you with a statement regarding the value of your home. The expense of the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce can be an especially traumatic experience for both parties, and it is often further complicated by the hard decision of who gets the property. Regardless of the circumstances, it's a good idea to get an appraisal from Bowers Real Estate & Appraisal Services so both parties are fully aware of the true market value of their house.

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

Accurate and fair estate liquidation

The loss of 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, ensuring the fullest degree of discretion.

Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Move to or from Los Angeles County for work

We are familiar with the stress associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any current sales or listings in their area that they want considered during our detailed inspection.

Sell your home quickly — at the right price

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

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining 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 are one the market.

Let Bowers Real Estate & Appraisal Services assist you in selling your home quickly at the right price