Why you should order an appraisal

Year after year, thousands of people in California buy, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. And even though there are an increasing number of automated home valuation processes that might appear cheaper than an appraisal, nearly all lenders still call in a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason to get an appraisal? Are there other instances when the services of a licensed, independent real estate professional could be helpful? Of course.

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

Challenge your tax assessment in Los Angeles County

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a past assessment of your house, so if prices have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from Bowers Real Estate & Appraisal Services is your best evidence when building your case. We can assist you in challenging your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that many lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Bowers Real Estate & Appraisal Services will produce a statement regarding the value of your home. The cost of the home valuation can usually be offset in little time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is an especially daunting experience for the parties involved, and it is often even more complicated by the challenging decision of who keeps the home. Regardless of the circumstances, it's a good idea to get 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 wish to sell the home, they'll have a a good 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.

Ascertain an accurate and fair valuation for estate liquidation

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate 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 do not have dedicated estate planners or executors to take care of these matters, unlike wealthier 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 vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Los Angeles County for work

We understand the headaches associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide remarks on the positive attributes of their property, along with information about any current sales or listings in their area that they want considered.

Sell your home quickly — for an accurate price

A professional appraisal will help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report.

We examine the difference in value items like an extra 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