Reasons someone would hire Dennis G. PollakThousands of people in California buy, sell or refinance their home each month. Most of these transactions consist of a simple line item for an appraisal. Even though there are a developing number of automated home valuation methods that might seem more cost-effective than an appraisal, nearly all lenders still need a local expert because the stakes are very high. But is securing a mortgage the only reason to get an appraisal? Are there more cases when the services of a licensed, independent real estate professional might be beneficial? You bet.
Appeal your tax assessment in San Bernardino CountyIt's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your real estate, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from Dennis G. Pollak is your best evidence when building your case. At Dennis G. Pollak, we're equipped to assist you in appealing your tax assessment.
How can you get rid of PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an extra insurance policy that many lenders ask homebuyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This additional payment is often bundled into the monthly mortgage payment and is soon forgotten. This is bad because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to remove the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Dennis G. Pollak can produce a statement regarding the value of your home. The cost of the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.
An appraisal from Dennis G. Pollak will help you settle a divorce with less stressA divorce can be an especially daunting experience for both parties, and it is often even more complicated by the challenging decision of who maintains the property. It's a good idea to order an appraisal from Dennis G. Pollak so both parties are fully aware of the true market value of their home, regardless of the circumstances.
If the parties want 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 gotten a fair evaluation.
Accurate and fair estate liquidation with help from Dennis G. PollakSettling an estateLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. We guarantee the utmost 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 handle these matters, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Let Dennis G. Pollak help you with relocating to or from San Bernardino CountyWe know the stress involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our detailed process.
Selling your home quickly at the right priceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable 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 - because we're experts in knowing how long homes are one the market.