| WHY GET AN APPRAISAL? |
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Pre-Sell/Purchase Decisions
Before you decide to sell or purchase a home, you must decide how much
you should buy or sell it for. If you are the seller, you may want to find out so
you can decide whether it is worth it or not to paint the house or put in new
carpeting. If you are the buyer, you may want to have someone uninvolved
with the transaction help you determine if you are paying too much (or too
little) for the house.
PMI REMOVAL
Private Mortgage Insurance (or PMI) is supplemental insurance that many
lenders ask homeowners to purchase when the amount loaned on the
property is more than 80% of the value of the house. The Homeowners
Protection Act of 1998 requires that lenders drop the PMI payments when the
loan to value ratio conditions have been met, however many require an
appraisal to support the homeowner’s assertions of the value increase.
Getting an appraisal and dropping your PMI payments can significantly
reduce your monthly mortgage payments. See Eliminate PMI.
ESTATE PLANNING
The loss of a loved one is a difficult time, and often this sad event is
complicated by difficult decisions regarding the disposition of the estate.
Settling an estate usually requires an appraisal opinion to establish fair
market value for the residential property involved.
DIVORCE SETTLEMENT
Finalizing a divorce involves many decisions, including property disposition.
There are generally two options: the house can either be sold and the
proceeds divided, or one party can buy the other party out. In either case, one
or both parties should have an appraisal of the residence.
Before you decide to sell or purchase a home, you must decide how much
you should buy or sell it for. If you are the seller, you may want to find out so
you can decide whether it is worth it or not to paint the house or put in new
carpeting. If you are the buyer, you may want to have someone uninvolved
with the transaction help you determine if you are paying too much (or too
little) for the house.
PMI REMOVAL
Private Mortgage Insurance (or PMI) is supplemental insurance that many
lenders ask homeowners to purchase when the amount loaned on the
property is more than 80% of the value of the house. The Homeowners
Protection Act of 1998 requires that lenders drop the PMI payments when the
loan to value ratio conditions have been met, however many require an
appraisal to support the homeowner’s assertions of the value increase.
Getting an appraisal and dropping your PMI payments can significantly
reduce your monthly mortgage payments. See Eliminate PMI.
ESTATE PLANNING
The loss of a loved one is a difficult time, and often this sad event is
complicated by difficult decisions regarding the disposition of the estate.
Settling an estate usually requires an appraisal opinion to establish fair
market value for the residential property involved.
DIVORCE SETTLEMENT
Finalizing a divorce involves many decisions, including property disposition.
There are generally two options: the house can either be sold and the
proceeds divided, or one party can buy the other party out. In either case, one
or both parties should have an appraisal of the residence.
FJE APPRAISAL GROUP
Your Southern California Real Estate Appraisers
Your Southern California Real Estate Appraisers
| FJE Appraisal Group |
Voice 909.596.3765
FAX 800.470.1397
FAX 800.470.1397