profile picture

Reasons someone would hire JLF Appraisals

Thousands of people in California purchase, sell or refinance their home every month. Many of these transactions have a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may appear less expensive than an appraisal. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are more times when the services of a certified, independent real estate professional could come in handy.

Secure appraisal ordering is easy from JLF Appraisals. Just click here

Let JLF Appraisals help you challenge your tax assessment in Fresno County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a previous assessment of your real estate, so if prices have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from JLF Appraisals is your best evidence when building your case. At JLF Appraisals, we're capable of assisting you in disputing your tax assessment.

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

When the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, nearly all lenders ask home owners to purchase an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, JLF Appraisals can produce a statement regarding the value of your home. The expense of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.

An appraisal from JLF Appraisals will help you settle a divorce with less stress

A divorce is often complicated by the strenuous decision of who gets the house, and it can be a particularly heartbreaking event for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from JLF Appraisals, regardless of the situation.

If the parties want 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 gotten a fair assessment.

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 Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And since a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.

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

Moving due to a job change can be a more than just an inconvenience. We know where you're coming from! That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we recommend employees that are moving to provide remarks on the positive features of their property, as well as information regarding any recent 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 choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to determine 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 properties are one the market.