Why you should get an appraisal from Helfrich Appraisal Services

Thousands of people in California purchase, sell or refinance their home every month. Most of these transactions include a simple line item for an appraisal. While there are a growing number of automated home valuation processes that might appear more economical than an appraisal, almost all lenders still want a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to acquire an appraisal? Are there more instances when the services of a certified, independent real estate professional might be helpful? Of course.

Contact Helfrich Appraisal Services if you're planning on any transaction where the value of your real estate is a factor. Just click here

Challenge your tax assessment in Santa Clara County

It's probable 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 values have gone down in your area, you can appeal your assessment and save money. An appraisal from Helfrich Appraisal Services is your best evidence when building your case. At Helfrich Appraisal Services,we can assist you in appealing your tax assessment.

Let Helfrich Appraisal Services assist you in lowering your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, nearly all lenders ask buyers to buy an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Helfrich Appraisal Services can produce a statement regarding the value of your home. The cost of the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is an especially daunting ordeal for the parties involved, and it is often further complicated by the troublesome decision of who keeps the house. Regardless of the circumstances, it's wise to get an appraisal from Helfrich Appraisal Services so both parties are entirely aware of the true market value of their house.

If the parties want to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Settling an estate with peace of mind

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.

Let Helfrich Appraisal Services help you with relocating to or from Santa Clara County

Moving due to a job change is a real pain. We know where you're coming from. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide feedback on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered.

Let Helfrich Appraisal Services assist you in selling your home quickly at the right price

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees aren't contingent upon the value we report, but rather they are based on our efforts to complete the appraisal.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, seeking a professional appraisal is a trusted way to decide 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 for an extended amount of time.