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JLF Appraisals in Fresno perform appraisals for a variety of reasons

Thousands of people in California buy, sell or refinance their home every month. Most of these transactions consist of a simple line item for an appraisal. While there are a developing number of automated home valuation methods that may appear more prudent than an appraisal, practically all lenders still want a local expert because the stakes are so high. You might think that getting a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a certified, independent real estate professional could come in handy.

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Appeal your tax assessment in Fresno County

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from JLF Appraisals is your best evidence. At JLF Appraisals, we're equipped to assist you in challenging your tax assessment.

JLF Appraisals can help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the property, many lenders ask homebuyers to buy an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI installments when the balance is paid down to 78% of the original value.

JLF Appraisals can produce a statement regarding the value of your home, and the expense of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the troublesome decision of who keeps the home, and it can be an especially traumatic occurrence for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from JLF Appraisals so both parties are entirely aware of the true market value of their house.

The parties will have a clearer picture of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Fair and accurate estate liquidation with help from JLF AppraisalsSettling an estate

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

Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the precise value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

Let JLF Appraisals assist you in relocating to or from Fresno County

We know the headaches associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we encourage employees that are moving to provide input on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.

Selling your home quickly at the right price with an appraisal from JLF Appraisals

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an applicable 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 houses are one the market.