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6 Reasons to order an appraisal from JML Appraisal Services

To a lot of people, an appraisal just looks like another fee on the settlement sheet for a home purchase or refinance. Practically all lenders still call in a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation processes that may appear to be more practical than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional might be beneficial.

Let JML Appraisal Services assist you in lowering your mortgage payment

Contest your tax assessment

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if prices have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in appealing your tax assessment.

Removing PMI for mortgage payments

When the amount being loaned to the homeowneris more than 80% of the actual value of the home, nearly all lenders ask homeowners to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

JML Appraisal Services will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is a particularly horrible experience for the parties involved, and it is often further complicated by the troublesome decision of who maintains the home. It's a good idea to order an appraisal from JML Appraisal Services so both parties are entirely aware of the true market value of their property, regardless of the circumstances.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Scott County through an employee relocation program

We are aware of the stress involved with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide remarks on the positive features of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered.

Sell your home promptly — at the right price

A professional appraisal can help you make a better educated decision when determining your selling price, whether you want 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 amount the house sells for. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, 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.

Let JML Appraisal Services assist you in selling your home quickly at the right price