Let MGK Properties serve your appraisal needsEvery year, thousands of people in California buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. And while there are a budding number of automated home valuation systems that may seem more economical than an appraisal, most lenders still call in a local expert because the stakes are so high. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are more situations when the services of a licensed, independent real estate professional could be beneficial. ![]() Contest your tax assessment in Riverside CountyIt's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your real estate, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from MGK Properties is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment. PMI removal to reduce your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask homebuyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, MGK Properties will give you a statement regarding the value of your home. The price you paid for the home valuation can generally be offset in little time because you'll no longer be paying the PMI. Order your appraisal from MGK Properties today Order onlineDivorce settlement with less stressA divorce is often complicated by the troublesome decision of who keeps the property, and it can be a very horrible ordeal for both parties. Regardless of the situation, it's a good idea to order an appraisal from MGK Properties so both parties are entirely aware of the true market value of their property. If the parties need to sell the home, they'll have a better idea 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 assessment. Accurate and fair estate liquidationThe 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 Fair Market Value for the real estate 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). Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal. Move to or from Riverside County through an employee relocation programWe are familiar with the stress associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide input on the positive aspects of their property, along with information about any new sales or listings in their area that they want considered. Sell your home quickly — for 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 when determining your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report. We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, obtaining a professional appraisal is a reliable 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. ![]() |
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