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Reasons to hire an appraiser

To many, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. And while there are a developing number of automated home valuation systems that may appear to be cheaper than an appraisal, practically all lenders still call in a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason you should get an appraisal? Are there other cases when the services of a certified, independent real estate professional might be helpful? Absolutely.

Let Young Real Estate Appraisals help you lower your mortgage payment

Appeal 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. An appraisal from Young Real Estate Appraisals is your best evidence when building your case. We're capable of assisting you in challenging your tax assessment.

PMI removal to reduce a mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the property, many lenders ask home owners to take out this added insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is folded into the monthly mortgage payment and is soon forgotten. This is damaging because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Young Real Estate Appraisals can provide you with a statement regarding the value of your home. The expense of the appraisal can usually be offset in a short amount of time 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 very horrible ordeal for both parties, and it is often more complicated by the troublesome decision of who maintains the home. Regardless of the circumstances, it's a good idea to order an appraisal from Young Real Estate Appraisals so both parties are fully aware of the true market value of their property.

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

Accurate and fair estate liquidation

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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 take care of these issues, unlike wealthy individuals. A home or other property often makes up an unequal 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 received an honest deal.

Move to or from Riverside County through an employee relocation program

We are familiar with the stress involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our intensive inspection.

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 regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, getting 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.

Let Young Real Estate Appraisals assist you in selling your home quickly at the right price