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Let Young Real Estate Appraisals serve your appraisal needs

Thousands of people in California purchase, sell or refinance their home every year. A lot of these transactions involve a simple line item for an appraisal. Even though there are a developing number of automated home valuation systems that might appear to be more practical than an appraisal, the majority of lenders still want a local expert because the stakes are so high. Is securing a mortgage the only basis for getting an appraisal? Are there also times when the services of a licensed, independent real estate professional might come in handy? You bet.

Let Young Real Estate Appraisals help you lower your mortgage payment

Dispute your tax assessment in Riverside County

It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your home, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At Young Real Estate Appraisals, we're equipped to assist you in appealing your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the property, almost all lenders ask buyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Young Real Estate Appraisals can produce a statement regarding the value of your home, and the expense of the appraisal can usually be regained in just a few months 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 troublesome decision of who maintains the house, and it can be a particularly horrible experience for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Young Real Estate Appraisals so both parties are completely aware of the true market value of their home.

If the parties wish to sell the home, they'll have a better 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 an accurate and fair valuation for estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Riverside County for work

We are aware of the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any current sales or listings in their neighborhood that they want considered during our detailed inspection.

Sell your home quickly — for the right price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees are calculated 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 extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, obtaining a professional appraisal is a trusted way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let Young Real Estate Appraisals assist you in selling your home quickly at the right price