Reasons to get an appraisal from Kenny G. AdamsEach year, thousands of people in California purchase, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. And even though there are a multiplying number of automated home valuation processes that may seem more economical than an appraisal, almost all lenders still want a local expert because the stakes are very high. But is getting a mortgage the only basis for getting an appraisal? Are there more times when the services of a certified, independent real estate professional might be helpful? Of course.
Challenge your tax assessment in San Bernardino CountyIf you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Kenny G. Adams is your best evidence. At Kenny G. Adams, we're qualified to assist you in challenging your tax assessment.
How can you get rid of PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an added insurance policy 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 real estate. This extra payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Kenny G. Adams will give you a statement regarding the value of your home. The cost of the appraisal can usually be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Kenny G. AdamsA divorce can be a very traumatic ordeal for both parties, and it is often even more complicated by the challenging decision of who keeps the home. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Kenny G. Adams, regardless of the situation.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidationThe loss 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 Market Value for the residential property involved. We guarantee the utmost 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 manage 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 value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocating to or from San Bernardino County?Moving due to a job change is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide input on the positive features of their property, as well as information regarding any recent sales or listings in their area that they want considered.
Selling your home quickly at the right priceA professional appraisal will help you make a better educated decision regarding your selling 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, which is different than the interest of real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
We examine the difference in value items like an additional 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 houses are one the market.