John T. Fazio & Associates Inc. in Paso Robles, Ca. 93446 do appraisals for numerous clients

Thousands of people in California buy, sell or refinance their home every month. Most of these transactions consist of a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are so high, even though there are a budding number of automated home valuation processes that might appear more cost-effective than an appraisal. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are more cases when the services of a licensed, independent real estate professional might be beneficial.

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Appeal your tax assessment in San Luis Obispo County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your real estate, so if values have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from John T. Fazio & Associates Inc. is your best evidence. At John T. Fazio & Associates Inc.,we can assist you in challenging your tax assessment.

John T. Fazio & Associates Inc. can help you get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask home buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. Very often, this added payment is bundled into the monthly mortgage payment and is promptly forgotten. This is bad because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, John T. Fazio & Associates Inc. will produce a statement regarding the value of your home. The price you paid for the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the burdensome decision of who gets the house, and it can be an especially heartbreaking experience for both parties. It's a good idea to order an appraisal from John T. Fazio & Associates Inc. so both parties are fully aware of the true market value of their house, 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 received a fair evaluation.

Settling an estate with peace of mind

The death of a loved one is a painful 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 fullest 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 take care of these affairs, unlike many 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 essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocating to or from San Luis Obispo County?

We know the stress involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics 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 will help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. 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 an unnecessarily long time - because we're experts in knowing how long houses are one the market.