Welcome to Appraisal 365 – Southern California’s premiere appraisal firm. We are unmatched in quality, service and knowledge. We look forward to the opportunity on providing fast appraisals and with a 24 hour 7 days a week Customer Service. Referred as the best appraisal firm in Southern California.
Types of Appraisals:
Are you looking for an FHA Appraisal, Estate Appraisal, Divorce Appraisal, Tax, Primary and Secondary Mortgage Appraisal, Bankruptcy, and Relocation?
Our experience, covers many types of appraisals in addition to traditional appraisals for mortgages and refinancing.
Southern California is very diverse in age, culture, topography, from ocean front properties to mountain and desert homes. Our knowledge and experience within the Southern California area provides you with quality appraisals for you and your clients appraisal needs.
Appraisal 365 has 27 years expertise in doing your appraisal. We are certified Residential in California, USPAP and UAD compliant.
Home Appraisals: A Primer
One's home purchase can be the most significant investment most of us may ever make. It doesn't matter if it's a primary residence, a seasonal vacation property or one of many rentals, purchasing real property is a complex financial transaction that requires multiple people working in concert to see it through.
Practically all the participants are quite familiar. The real estate agent is the most recognizable person in the transaction. Then, the lender provides the money needed to finance the exchange. The title company ensures that all aspects of the transaction are completed and that the title is clear to transfer from the seller to the buyer.
Inspecting the Subject Property
To determine the true status of the property, it's our duty to first perform a thorough inspection. We must see aspects of the property first hand, such as the number of bedrooms and bathrooms, the location, and so on, to ensure they truly are there and are in the shape a reasonable buyer would expect them to be. The inspection often includes a sketch of the floor plan, ensuring the square footage is proper and conveying the layout of the property. Most importantly, the appraiser identifies any obvious features - or defects - that would have an impact on the value of the property.
Here, we pull information on local construction costs, the cost of labor and other elements to calculate how much it would cost to build a property comparable to the one being appraised. This value commonly sets the maximum on what a property would sell for. It's also the least used method.
Appraisers can tell you a lot about the neighborhoods in which they work. We thoroughly understand the value of specific features to the homeowners of that area. Then, the appraiser researches recent sales in close proximity to the subject and finds properties which are 'comparable' to the subject at hand. By assigning a dollar value to certain items such as upgraded appliances, extra bathrooms, an additional living area, quality of construction, lot size, we adjust the comparable properties so that they more accurately portray the features of subject.
After all differences have been accounted for, the appraiser reconciles the adjusted sales prices of all the comps and then derives an opinion of what the subject could sell for. The sales comparison approach to value is typically given the most weight when an appraisal is for a home purchase.
Valuation Using the Income Approach
In the case of income producing properties - rental houses for example - we may use a third way of valuing a property. In this situation, the amount of revenue the real estate produces is factored in with other rents in the area for comparable properties to derive the current value.
The Bottom Line
Combining information from all applicable approaches, the appraiser is then ready to stipulate an estimated market value for the subject property. The estimate of value at the bottom of the appraisal report is not necessarily what's being paid for the property even though it is likely the best indication of what a property could sell for in an open market. It's not uncommon for prices to be driven up or down by extenuating circumstances like the motivation or urgency of a seller or 'bidding wars'. Regardless, the appraised value is often used as a guideline for lenders who don't want to loan a buyer more money than the property would likely sell for in an open marketplace. The bottom line is: An appraiser from Appraisal 365 will help you attain the most fair and balanced property value, so you can make profitable real estate decisions.
Reasons to Get an Appraisal from Appraisal 365
To many, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Even though there are a growing number of automated home valuation systems that may seem less expensive than an appraisal, almost all lenders still call for a local expert because the stakes are so high. You might think that securing a mortgage is the only basis for getting an appraisal, but there are other instances when the services of a certified, independent real estate professional might be helpful.
Let Appraisal 365 Help You Challenge Your Tax Assessment in Southern California
If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Appraisal 365 is your best evidence when building your case. At Appraisal 365, we're qualified to assist you in challenging your tax assessment.
How Can You Eliminate PMI to Lower Your Mortgage Payment?
Private Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask homebuyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. Since the added payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
Divorce Settlement with Less Stress
A divorce is a particularly daunting experience for the parties involved, and it is often even more complicated by the troublesome decision of who maintains the home. It's a good idea to get an appraisal from Appraisal 365 so both parties are entirely aware of the true market value of their house, regardless of the circumstances.
Accurate and Fair Estate Liquidation with Appraisal 365 Settling an Estate
The death of a loved one is a painful 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 fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Relocating To or From Southern California
We understand the stress associated with employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our detailed process.
Sell Your Home Quickly At the Right Price
A professional appraisal can help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price 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. For pricing assistance, please contact firstname.lastname@example.org or call (714) 230-5104.
More and more homeowners today are choosing to sell their homes FSBO (For Sale by Owner) and foregoing the help of a real estate agent. Selling your home by this method can end up saving you a potential “hefty” commission (industry average is 5-7% of the home’s selling price).Plus many FSBO sellers feel that they have more control in the process of selling their home since they’re in essence making all the rules.
According to the National Association of Realtors, over 70% of all homebuyers now use the Internet to search for homes so if your house isn’t on the internet, it should be. And that’s where we can help. Using my websites’ Search Foreclosure feature, I can provide you with a great marketing tool to search foreclosures in your area.
You know your home better than anyone. And you know what features to highlight and what features you might want to downplay. So, let Appraisal 365 help you get the exposure your home deserves.
What you should know before having an Appraisal..pdf
What you should know before having an FHA Appraisal..pdf
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Property Taxes Too High?
It's often been said that "there's nothing certain in life except death and taxes." But you may be able to save money on property taxes by having your home appraised properly. Please fill out the form below and we’ll send you more information, with no obligation. We guarantee your privacy.