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Let Young Real Estate Appraisals serve your appraisal needs

To many, an appraisal is simply one more thing on the settlement sheet for a home purchase or refinance. Practically all lenders still need a local expert because the stakes are very high, even though there are a budding number of automated home valuation methods that may seem cheaper than an appraisal. Is obtaining a mortgage the only reason you should get an appraisal? Are there other situations when the services of a certified, independent real estate professional might come in handy? Absolutely.

Let Young Real Estate Appraisals assist you in lowering your mortgage payment

Challenge your tax assessment

If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Young Real Estate Appraisals, we're equipped to assist you in disputing your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, many lenders ask home owners to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is soon forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips 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 eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Young Real Estate Appraisals will give you a statement regarding the value of your home. The cost of the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the burdensome decision of who gets the home, and it can be a particularly daunting occurrence for both parties. It's a good idea to order an appraisal from Young Real Estate Appraisals so both parties are entirely aware of the true market value of their property, regardless of the circumstances.

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 received a fair assessment.

Ascertain a fair and accurate valuation for estate liquidation

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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, guaranteeing the utmost degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Move to or from Riverside County for work

We are familiar with the stress associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered during our thorough inspection.

Close on your home promptly — for an accurate price

A professional appraisal can help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are based on our efforts to complete the appraisal report and not a percentage of the sales price.

We analyze 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 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, because we're experts in knowing how long houses are one the market.

Let Young Real Estate Appraisals help you sell your home quickly at the right price