Reasons to order an appraisal

Year after year, thousands of people in California buy, sell or refinance their home. Most of these transactions include a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation methods that might seem more practical than an appraisal, nearly all lenders still call for a local expert because the stakes are so high. You might believe that securing a mortgage is the only reason to get an appraisal, but there are additional times when the services of a certified, independent real estate professional might be helpful.

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Challenge your tax assessment

If you reside 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 can assist you in disputing your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that most lenders ask buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. This extra payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments 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 cost of the appraisal can generally be offset 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 a particularly horrible event for both parties, and it is often further complicated by the troublesome decision of who maintains the property. Regardless of the circumstances, it's a good idea to order an appraisal from Bowers Real Estate & Appraisal Services so both parties are completely aware of the true market value of their property.

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

Ascertain an accurate and fair valuation for estate liquidation

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 Fair Market Value for the residential property involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received 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's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our thorough inspection.

Close on your home promptly — for an accurate price

A professional appraisal can help you make a better educated 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 finish the appraisal report and not a percentage of the sales price.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, getting a professional appraisal is a trusted way to determine 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.

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