There are lots of reasons consumers call on Ballew & CompanyTo many, an appraisal just looks like another cost on the settlement sheet for a mortgage or refinance. Even though there are an increasing number of automated home valuation processes that might seem less expensive than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a licensed, independent real estate professional might be helpful.
Dispute your tax assessment in Sacramento CountyIt's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, so if values have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from Ballew & Company is your best evidence when building your case. At Ballew & Company, we're capable of assisting you in appealing your tax assessment.
PMI removal will lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the property, nearly all lenders ask homeowners to take out an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) 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, Ballew & Company will provide you with a statement regarding the value of your home. The expense of the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a particularly traumatic experience for both parties, and it is often more complicated by the strenuous decision of who gets the property. It's a good idea to order an appraisal from Ballew & Company so both parties are entirely aware of the true market value of their property, regardless of the circumstances.
The parties will have a better idea of what price to set, if they want to sell the home. 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 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the certain value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Ballew & Company can assist you in relocating to or from Sacramento CountyWe understand the stress involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed process, we suggest relocating employees to provide input on the positive features of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered.
Selling your home quickly at the right price with an appraisal from Ballew & CompanyA professional appraisal can help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. 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 perform the appraisal report and not a percentage of the sales price.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties stay on the market. So, obtaining 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.