Servicing Alameda & Contra Costa Counties of San Francisco's East Bay
Our mutual commitments are mirrored in a commitment to service & quality.
50+ years combined experience means even tricky homes are our forte.
From Oakland to Crockett, we've got you covered along the San Francisco Bay.
The IRS requires an independent valuation as of the date of a homeowner’s death & sometimes 6 months after. Taxes are owed on any increase in value between the “stepped up basis” determined by the appraisal & when the property sells.
For purchase or refinance, lenders require an appraisal. Most lenders use appraisers from pre-approved lists. Recent requirements are that the water heater be double-strapped, and the home have smoke detectors and carbon monoxide detectors.
For FHA loans, appraisals require photos of attics and crawl spaces. Utilities must be turned on, and no peeling paint is allowed on homes constructed before 1978. All systems in the home must be working. For example, any garage door opener must be operational.
Private Mortgage Insurance is required when you mortgage a home with a down payment of 10% or less. When your equity increases and the principal mortgage balance is 80% or less of total home value, you can apply to remove PMI. That requires an independent appraisal.
E.g. a tenant may want to purchase a home from their landlord or one sibling buy out another. Our independent estimates of value provide an impartial basis for negotiation.
We can estimate the value of a home and/or other property jointly for the husband and wife. Alternately, we can serve independently for either party or their attorneys.
When a home is donated to a university or charity, an independent appraisal is required. The appraisal must not have been earlier than 60 days before donation.
Reverse mortgages enable older homeowners to take advantage of the equity in their home while continuing to live in their home. These are done using FHA standards.
We service Alameda & Contra Costa Counties of San Francisco's East Bay, Including:
Our combined experience ensures the highest level of expertise and accuracy.
Each of our clients receives a premium level of service according to the highest standards of the profession.
“…I was impressed with the quality of the report itself. You can tell when someone takes their work seriously by the final deliverable. Very happy.”
“The turnaround time was really good. You can’t complete a deal if the appraiser is slow. Peter wasn’t.”
“I’ve been working with Nancy Townsend for years, and there’s a reason for it. Her work is spot on accurate…”
"Courteous, professional, and fast! Appraisal is thorough and accurate. Highly recommend!"
"Quality service and professionalism! Their work reflects a long history of experience and commitment."
"I am always glad to see and benefit from others like me who are out there doing the best job possible for our clients. ”