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David R. Clark Real Estate Services in Bakersfield perform appraisals for numerous purposes

Thousands of people in California purchase, sell or refinance their home every year. Many of these transactions include a simple line item for an appraisal. The majority of lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may appear to be cheaper than an appraisal. But is obtaining a mortgage the only reason to acquire an appraisal? Are there additional cases when the services of a certified, independent real estate professional might be beneficial? You bet.

If you're planning on any transaction where the value of your property is a factor, you should contact David R. Clark Real Estate Services. Just click here.

Dispute your tax assessment in Kern County

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from David R. Clark Real Estate Services is your best evidence. We're capable of assisting you in disputing your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, most lenders ask home owners to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

David R. Clark Real Estate Services can produce a statement regarding the value of your home, and the expense of the home valuation can usually be regained in little time because you'll no longer be paying the PMI.

An appraisal from David R. Clark Real Estate Services will help you settle a divorce with less stress

A divorce can be an especially daunting event for both parties, and it is often further complicated by the difficult decision of who keeps the home. It's a good idea to order an appraisal from David R. Clark Real Estate Services so both parties are entirely aware of the true market value of their home, regardless of the circumstances.

The parties will have a better idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Settling an estate with peace of mind

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

David R. Clark Real Estate Services can help you with relocating to or from Kern County

We know the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our intensive process.

Don't sell out for too little or keep your home on the market too long.

A professional appraisal can help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to determine 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 properties are one the market.