Let JLF Appraisals handle your appraisal needs
Every year, thousands of people in California buy, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. And while there are a multiplying number of automated home valuation methods that might appear more practical than an appraisal, nearly all lenders still need a local expert because the stakes are incredibly high. Is securing a mortgage the only reason to get an appraisal? Are there additional cases when the services of a licensed, independent real estate professional might come in handy? You bet.
Appeal your tax assessment
It's probable 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 home, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from JLF Appraisals is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that most lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. More often than not, this extra payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked 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 do away with PMI, JLF Appraisals will provide you with a statement regarding the value of your home. The price you paid for the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI.
Order your appraisal from JLF Appraisals todayOrder online
Settle a divorce with fewer hang-ups
A divorce is a particularly daunting ordeal for the parties involved, and it is often more complicated by the difficult decision of who gets the house. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from JLF Appraisals, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Accurate and fair estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from Fresno County for work
We are familiar with the stress associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection.
Sell your home quickly — at an accurate price
A professional appraisal can help you make a better educated decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, getting a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.