Greenaway Appraisals in Atascadero do appraisals for numerous reasons

Each year, thousands of people in California buy, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that might appear to be cheaper than an appraisal. But is securing a mortgage the only reason to get an appraisal? Are there also times when the services of a licensed, independent real estate professional might be helpful? You bet.


	For real estate appraisals in Atascadero and San Luis Obispo County, it's easiest when your order online from Greenaway Appraisals, just click here.

Challenge your tax assessment in San Luis Obispo County

It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your home, so if values have declined in your area, you can challenge your assessment and save money. When building your case, an appraisal from Greenaway Appraisals is your best evidence. At Greenaway Appraisals,we can assist you in disputing your tax assessment.

Eliminating PMI will lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, many lenders ask buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this additional payment is bundled into the monthly mortgage payment and is soon forgotten. This is bad because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress invoked 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, Greenaway Appraisals will give you a statement regarding the value of your home. The expense of the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the difficult decision of who maintains the home, and it can be a very traumatic occurrence for both parties. Regardless of the situation, it's prudent to get an appraisal from Greenaway Appraisals so both parties are fully aware of the true market value of their property.

The parties will have a clearer picture of what price to set, if they need 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 evaluation.

Settling an estate with peace of mind

Losing 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 ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocating to or from San Luis Obispo County

Employee relocation is a more than just an inconvenience. We know where you're coming from! That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their area that they want considered.

Don't sell out for too little or let your home stay on the market too long.

A professional appraisal will help you make a better educated decision when determining your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal.

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long houses stay on the market. So, obtaining 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.