There are lots of reasons the public calls on BFReal EstateEvery year, thousands of people in California purchase, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. Most lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that might seem more economical than an appraisal. But is getting a mortgage the only reason to acquire an appraisal? Are there more instances when the services of a licensed, independent real estate professional might come in handy? Of course there are.
Let BFReal Estate help you challenge your tax assessment in Orange CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from BFReal Estate is your best evidence. We're qualified to assist you in appealing your tax assessment.
Eliminating PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that nearly all lenders ask homeowners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
BFReal Estate will produce a statement regarding the value of your home, and the cost of the home valuation can generally be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from BFReal EstateA divorce is a very traumatic ordeal for the parties involved, and it is often further complicated by the challenging decision of who keeps the house. Regardless of the circumstances, it's prudent to get an appraisal from BFReal Estate so both parties are completely aware of the true market value of their house.
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 received a fair assessment.
Accurate and fair estate liquidationLosing 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 Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocating to or from Orange CountyMoving due to a job change is a stressful event. We know where you're coming from! That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our thorough process.
Don't sell out short or keep your home on the market too long.A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose 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 are derived from our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to determine 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.