Reasons to order an appraisal

To a lot of us, an appraisal is simply a line item in the long list of items for a mortgage or refinance. Practically all lenders still call in a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that may seem more economical than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there also situations when the services of a certified, independent real estate professional could be beneficial? You bet.

Let JLF Appraisals help you lower your mortgage payment

Appeal your tax assessment in Fresno County

It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that nearly all lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, JLF Appraisals will give you a statement regarding the value of your home. The cost of the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is a particularly horrible ordeal for the parties involved, and it is often more complicated by the burdensome decision of who gets the property. Regardless of the situation, it's a good idea to get an appraisal from JLF Appraisals so both parties are completely aware of the true market value of their home.

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

Ascertain a fair and accurate valuation for estate liquidation

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. A home or other property often makes up a disproportionate 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 walk away knowing they've received a fair deal.

Relocate to or from Fresno County through an employee relocation program

We know the stress associated with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed inspection.

Close on your home promptly — at an accurate price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, getting a professional appraisal is a trusted 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 JLF Appraisals help you sell your home quickly at the right price