Appraisal services for Garden Grove and Orange County homeowners
Check out the top seven reasons why CA homeowners use Mike's Appraisals:
Do you own a house in or near Garden Grove? Do you need help deciding the value of your real estate?
At Mike's Appraisals, we understand the special needs of a consumer seeking appraisal services. Our usual business clients understand the appraisal process and the standard reporting formats. But as a consumer,you will receive extra guidance and explanations through the appraisal process to better understand what we do and how we document our findings.
For-Sale-By-Owner (FSBO) / Pre-Listing Services
Since you have an emotional attachment to your home, it's often very hard to be objective about it. Our professional appraisers at Mike's Appraisals are objective. We won't just tell you what you want to hear, we will tell you what you need to know. In addition to helping you set a realistic price to sell at so your home will attract interested buyers, a professional appraisal is very important as a negotiating tool once you have an interested buyer. It's something concrete to show the buyer. An appraisal is an independent third party's opinion of your house's price -- not just how much you think your house is worth. Potential buyers assume that you have an emotional attachment to your home and will be far more likely to give credibility to a seasoned appraiser's value conclusion than yours.
Appraisals to remove PMI
An attractive way to cut expenses for homeowners is getting the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan amount is below 80% of the value of your property, in most cases you can apply to your lender to have the PMI canceled from your loan, which will make your monthly payments go down. Mike's Appraisals is qualified in helping folks just like you rid yourselves of unwanted and unneeded PMI insurance.
Challenge a property tax assessment
If you live in a region that is declining or not appreciating as much as other homes close to yours, your local tax assessor may have your house overvalued. That means you're probably paying more taxes than you should. Since your property assessment may likely go up again in the next period, the faster you take care of things like this, the better. Getting a professional appraisal from Mike's Appraisals is your chief weapon when challenging your property tax assessment.
HELOC recently frozen?
Even if your specific property has not declined in value, your lender may just decide to automatically freeze your home equity line of credit (HELOC) if your house is in or near a declining area. Not only can this be inconvenient from a cash flow standpoint, but it can be negative on your credit score since it may appear as though that credit line is maxed out. An appraisal from Mike's Appraisals can help you reinstate your HELOC.
Do You Need Field and Desktop Appraisal Review Services?
Would you prefer a second opinion without the charge and delay of waiting for a whole new appraisal? Or do you desire a veteran appraiser to double-check your appraisal for efficiency? Mike's Appraisals offers field reviews where we go out and check the subject and comparables in question. Or, if you're in a hurry, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.
Need a retrospective review of an appraisal report? We can We can assist you Even though this is typically requested by banks, you may need to exercise this service if you suspect mortgage fraud related to your house.