Please Call Us at 650.477.2112 if you have an appraisal request or Question.

Why do you need an Appraisal?

• Purchase / Refinance:  Llenders need a professional independent appraisal of the property you want to buy or refinance to ensure that it is worth at least as much as they are being asked to lend on it.
  The appraiser will form an opinion of  market value of the property considering the sales of similar homes in the market area among other factors. The appraiser will prepare a report explaining the conclusion. The appraisal belongs to the lender considering lending money with the home as collateral. By state law the borrower must be given a copy of the appraisal from the lender upon request.
• Divorce/Estate:  Fair market values are needed for trusts, divorce situations, and equitable distribution among heirs. These can be delicate matters and we will be sure to provide you with the best services posssible.
• PMI Removal:  Private Mortgage Insurance is a cost that is added to the monthly payment of most conventional mortgage loans.  Mortgage lenders are required  to remove  this monthly (PMI) cost if/when you have at least 20% equity in your home. The mortgage lender will not remove this private mortgage insurance cost unless you can prove, with an appraisal, that you have reached 20% equity.
  
  Email: djmccool@dmcappraisals.com