Why you should order an appraisal from Bowers Real Estate & Appraisal Services

Thousands of people in California buy, sell or refinance their home each year. Most of these transactions involve a simple line item for an appraisal. And even though there are an increasing number of automated home valuation methods that might appear more economical than an appraisal, the majority of lenders still call in a local expert because the stakes are very high. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could be helpful.

Let Bowers Real Estate & Appraisal Services assist you in lowering your mortgage payment

Challenge your tax assessment in Los Angeles County

If you are in an area where property values have depreciated, 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 qualified to assist you in challenging your tax assessment.

PMI removal to reduce a mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the home, nearly all lenders ask homebuyers to buy this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress implemented 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.

Bowers Real Estate & Appraisal Services can provide you with a statement regarding the value of your home, and the cost of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

Order your appraisal from Bowers Real Estate & Appraisal Services today

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Get a fair valuation on a home take make a divorce settlement less stressful

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

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

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

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

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

We understand the stress associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered.

Sell your home quickly — for an accurate price

Whether you want 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. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they depend on our efforts to complete the appraisal report.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to decide what improvements will add value and what an applicable 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 are one the market.

Let Bowers Real Estate & Appraisal Services help you sell your home quickly at the right price