Reasons to hire an appraiser

Each year, thousands of people in California buy, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. The majority of lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that may appear more cost-effective than an appraisal. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a certified, independent real estate professional could come in handy.

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

Appeal your tax assessment

If you are in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Bowers Real Estate & Appraisal Services is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the property, many lenders ask home buyers to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is lumped into the monthly mortgage payment and is soon forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

Bowers Real Estate & Appraisal Services will give you a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

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

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.

Ascertain a fair and accurate valuation for 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 real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Los Angeles County through an employee relocation program

We are aware of the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any new sales or listings in their area that they want considered during our intensive inspection.

Close on your home quickly — at the right price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking 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 homes stay on the market.

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