Reasons someone would use the services of Miller RealtyTo a lot of people, an appraisal is simply another fee in the long list of items for a home purchase or refinance. While there are an increasing number of automated home valuation methods that may appear cheaper than an appraisal, the majority of lenders still call for a local expert because the stakes are incredibly high. But is getting a mortgage the only reason to acquire an appraisal? Are there other situations when the services of a certified, independent real estate professional might come in handy? Of course.
Let Miller Realty help you dispute your tax assessment in Los Angeles CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your home, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Miller Realty is your best evidence when building your case. At Miller Realty, we're equipped to assist you in challenging your tax assessment.
PMI removal to lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the real estate, nearly all lenders ask home buyers to purchase an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
Miller Realty will provide you with a statement regarding the value of your home, and the cost of the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Miller RealtyA divorce is an especially traumatic experience for the parties involved, and it is often even more complicated by the burdensome decision of who gets the home. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Miller Realty, regardless of the situation.
If the parties need 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 assessment.
Accurate and fair estate liquidation with help from Miller RealtySettling an estateLosing a loved one is a difficult 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these matters. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Let Miller Realty assist you in relocating to or from Los Angeles CountyWe are familiar with the stress associated 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 feedback on the positive attributes of their property, along with information about any current sales or listings in their area that they want considered during our intensive process.
Let Miller Realty help you sell your home quickly at the right priceWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. The price we charge isn't related to the sales price, but rather they are based on our efforts to finish the appraisal.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, 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 for an extended amount of time.