To many, an appraisal is simply a line item in the long list of items for a home sale or refinance. Nearly all lenders still need a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation methods that might seem more economical than an appraisal.

You might believe that securing a mortgage is the only reason to get an appraisal, but there are more instances when the services of a certified, independent real estate professional could be helpful.

Lender Ordered Appraisals

We provides services to lenders requiring an experienced certified appraiser for properties in the Anchorage Municipality.

Determine Listing Price

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.

An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren’t contingent upon the value we come up with, but rather they depend on our efforts to complete the appraisal.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate 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 homes are one the market.

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Property Tax Assessments

Let CeCe Mendonsa help you appeal your tax assessment in Anchorage County.

If you reside in an area where property values have depreciated, it’s possible you’re paying too much in property taxes. An appraisal is your best evidence when building your case. We’re capable of assisting you in challenging your tax assessment.

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PMI Reductions

Eliminating PMI will lower your mortgage payment.

When the amount being loaned to the homebuyer is more than 80% of the actual value of the home, many lenders ask home owners to take out an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI isn’t required when the remaining balance of the loan – whether through market appreciation or principal pay down – goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.

CeCe Mendonsa will produce a statement regarding the value of your home, and the expense of the appraisal can often be regained in just a few months because you’ll no longer be paying the PMI.

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Increasing Your HELOC

Recently got a freeze to your HELOC?

Even if your specific property has not declined in value, your lender might just make the decision to automatically freeze your home equity line of credit (HELOC) if your home is near a declining area. This can be detrimental to your credit score since it may appear as though that credit line is maxed out, and also unsuitable from a cash flow angle. CeCe Mendonsa can help you reinstate your home equity line of credit with a professional appraisal.

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Divorce Settlements

Divorce settlement with less stress

A divorce can be an especially daunting event for both parties, and it is often even more complicated by the troublesome decision of who maintains the property. It’s a good idea to order an appraisal from CeCe Mendonsa so both parties are fully 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 if a “buyout” is the chosen option, both parties will feel like they’ve gotten a fair assessment.

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Estate Planning / Liquidation

Trustworthy estate liquidation

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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.

Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the correct value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they’ve received a fair deal.

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Review Appraisals

Do You Need Field and Desktop Appraisal Review Services?

Would you wish a second opinion without the added expense and delay of waiting for a whole new appraisal? Or do you want a veteran appraiser to double-check your appraisal for preciseness? An appraiser from CeCe Mendonsa can go out and check the subject and comps in question in a field review. If you’re in a hurry, we’ll provide 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 report? We can help with that too. While usually requested by banks, you may wish to take advantage of this service if you suspect mortgage fraud related to your property.

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Expert Witness

Expert witness testimony when a reliable local authority on Alaska property values is needed

Relocation Appraisals

Relocating to or from Anchorage Municipality.

We are aware of 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 process, we encourage employees that are moving to provide input on the positive characteristics of their property, as well as information regarding any new sales or listings in their area that they want considered.

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Bankruptcy

Determining market value on real estate related to a bankruptcy.

Floorplan Verification

Getting an accurate, yet affordable, floorplan sketch and appraiser-verified estimate of a home’s square footage

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