Let Pacheco Appraisals serve your appraisal needsEvery year, thousands of people in California buy, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. And while there are a budding number of automated home valuation systems that might appear more economical than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a certified, independent real estate professional could be beneficial. 
Contest your tax assessmentIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your house, so if prices have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Pacheco Appraisals is your best evidence when building your case. We can assist you in challenging your tax assessment. Eliminating PMI for mortgage paymentsWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the property, nearly all lenders ask homeowners to buy this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Pacheco Appraisals can give you a statement regarding the value of your home. The expense of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI. Order your appraisal from Pacheco Appraisals today Order onlineclear valuation on a home take make a divorce settlement less stressfulA divorce is often complicated by the difficult decision of who gets the home, and it can be a very daunting event for both parties. It's a good idea to order an appraisal from Pacheco Appraisals so both parties are entirely aware of the true market value of their home, regardless of the circumstances. If the parties need to sell the home, they'll have a clearer picture 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 evaluation. Determine an accurate and fair valuation for estate liquidationThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires 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, ensuring the highest degree of discretion. Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate 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 received an honest deal. Close on your home promptly — for the right priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are calculated on our efforts to complete 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. And we're experts in knowing how long housesare on the market. So, getting 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. 
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