Reasons someone would hire N. Compass AppraisalsThousands of people in California buy, sell or refinance their home each year. A lot of these transactions contain a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that might seem more economical than an appraisal. You might think that securing a mortgage is the only reason to get an appraisal, but there are more instances when the services of a licensed, independent real estate professional could be helpful.
Challenge your tax assessment in Butte CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from N. Compass Appraisals is your best evidence. At N. Compass Appraisals,we can assist you in challenging your tax assessment.
Let N. Compass Appraisals help you do away with PMI to lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the real estate, nearly all lenders ask homebuyers to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is bundled into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, N. Compass Appraisals can produce a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be a very traumatic event for both parties, and it is often further complicated by the troublesome decision of who keeps the house. So both parties are entirely aware of the true market value of their home, it's a good idea to order an appraisal from N. Compass Appraisals, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mindThe loss of 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 guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. A home or other property often makes up an uneven share of the total estate value, so understanding 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.
Relocating to or from Butte CountyWe know the headaches associated 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 remarks on the positive features of their property, as well as information about any current sales or listings in their area that they want considered during our thorough process.
Let N. Compass Appraisals assist you in selling your home quickly at the right priceWhether you choose 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 regarding your asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate 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 houses stay on the market.