Why Should You Get a Home Value Appraisal?

The housing market in California is at an all-time high. That’s where a home appraisal comes in.

There are many reasons you may want to get your home value appraised in this current market. Whether it is for a Tax Assessment, Estate Planning, or even the removal of PMI from your mortgage, we at DVS Appraisals can help. 

1. Estate Planning
Planning for what happens to your estate when you pass is never easy. To add to the stress, a current appraisal is often needed to complete the process. Having a firm understanding of the value of your property will allow for an easier time inappropriately adjusting your trust or will accordingly. We have had the honor of assisting many of our clients through this process. It is our mission to make the appraisal process as streamlined as possible for you and those in your trust. There is a lot to handle when working on an estate plan, leave this part to us and focus on your family.

Want to learn more about our Estate Planning Basics? Read our blog on Estate Planning here.

2. PMI Removal
Private Mortgage Insurance is often required if a homebuyer puts less than 20% down. This can last for the entirety of the loan without a Private Mortgage Insurance Removal. If you are ready to remove Private Mortgage Insurance, or PMI, from your mortgage payments, we can help. We do this by determining if the value of your home has increased enough to remove the insurance fees or if loan principles have decreased enough to negotiate a new deal with the lender. This brings down your monthly costs and saves you thousands in the long run, helping you pay off your mortgage faster.

Learn more about our PMI removal process by reading our blog here.

3. Divorce and Settlement Disputes
Going through a divorce and settlement in life is stressful enough. We can offer an objective, third-party valuation of your real estate holdings in order to make the appraisal process as simplified as possible. We understand the difficulties each individual in the dispute is going through. With the proper appraisal of your joint properties, DVS makes it so there is one less thing to worry about in upcoming discussions and proceedings. In the unfortunate event your divorce ends up in court, we are prepared to handle any subpoenas or expert witness testimony needed.

4. Tax Assessments
Looking to appeal your property taxes? A report from an independent appraiser like DVS can be extremely valuable. We provide an accurate value that will assist in your property tax appeal which could save you money on your taxes. We offer complete privacy and independence for you as part of the tax assessment appeal. It is your decision on who to share the information with once the appraisal has been completed. 

If you want to learn more about appealing your assessment bill, read our blog on the topic here.

5. Bond Appraisals
Using your home for collateral on a bond is not an easily made decision. A situation like this calls for quick and effective action. At DVS, we know the importance of doing this right and getting it done on a deadline. We have helped many folks in this predicament before, and we will be sure to expedite the process for you in your time of need. We do our best to respond within 24 hours, so contact us today so we can help.

Talk to us today if you have any need of this service, or read our blog for more information on our Bond Appraisals. 

6. Listing Appraisals
Thinking of selling your home while the market is up? Having a Listing Appraisal completed, you can go into talks with any potential buyers and real estate agents with a firm understanding of the true value of your property.  The California Housing Market has been on the upswing for all of 2021 and is projected to continue. In April of this year, the median home price hit $800,000, up 34% from the previous year! The California Association of Realtors (C.A.R.) stated that this is the highest year-over-year price gain ever recorded in California. 

If you are thinking of selling your home this year, be sure to contact us today to schedule your listing appraisal. 

Are you ready to find out your property’s value? Contact Us Today!

More homes are being sold above the listing price this year than in housing history. It is the perfect opportunity to find out how much your home is worth in this upwards market. Schedule your appraisal with us today!