Appraisal services for Lancaster and Los Angeles County homeowners
Check out the top 7 reasons why California homeowners need McDonough Appraisal Service:
At McDonough Appraisal Service, we understand the particular needs of a homeowner after appraisal services. The appraisal process and reporting formats are relatively routine to our business clients like lenders, lawyers, and CPAs. As our non-traditional client, we will provide you with extra guidance and explanations through the appraisal process to understand what we do and how we present our conclusions.
Pre-listing Services/For Sale by Owner (FSBO)Since you have an emotional attachment to your own house, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is a very valuable negotiating tool once you have an attainable buyer, in addition to helping you set a realistic price to sell at so your home will attract buyers. It gives you something tangible to show the buyer. It's an independent third party's opinion of your property's value, and not just how much you think your house is worth. Interested buyers assume that you have an emotional attachment to your home and will be more likely to give credibility to a qualified appraiser's value conclusion than yours.
Challenging Los Angeles County's assessment of your propertyYour local tax assessor may have your house overvalued if you live in a region that is going down. That only means you are most likely paying more taxes than you should. The faster you take care of a matter like this, the better, since your property assessment may likely go up again in the next period. Getting an appraisal report from McDonough Appraisal Service is your chief weapon when challenging your property tax assessment.
PMI Removal AppraisalsGetting the PMI (Private Mortgage Insurance) eliminated from your mortgage loan is a preferred money saver for homeowners. Once your mortgage loan amount is below 80% of the value of your house, 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. We are experts in helping consumers just like you rid yourselves of unwanted PMI insurance.
Recently got a freeze to your HELOC?If your home is in a declining area, your lender may just make the decision to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be unfavorable to your credit score since it may appear as though that credit line is maxed out, and also disadvantageous from a cash flow angle. McDonough Appraisal Service can provide you with an expert appraisal to help you reinstate your HELOC.
We Also Provide Field and Desktop Appraisal Review ServicesWould you like a second opinion without the added expense and delay of waiting for a whole new appraisal? Or do you need a seasoned professional to double-check your appraisal for accuracy? In a field review we will go out and check the subject and comps. Or, if you need it ASAP, we can provide you with a desk review and verify as many facts as we can, using online data sources as well as our own files.
Do you need a retrospective review of an appraisal? We can assist you. While typically requested by banks, you may desire to use this service if you suspect mortgage fraud related to your home.