Reasons to order an appraisal from Jackson Appraisal Co.,LLCTo many, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Most lenders still want a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation processes that might appear to be more practical than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there more instances when the services of a certified, independent real estate professional could be helpful? Of course.
Appeal your tax assessment from the County Assessor.If you feel your property valuation is too high with the Assessor's office, it's possible you're paying too much in property taxes. When building your case, an appraisal from Jackson Appraisal Co., LLC is your best evidence. I'm equipped to assist you in appealing your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask home owners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. This added payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
Jackson Appraisal Co., LLC will provide you with an appraisal report with a current value of your home to present to your mortgage company to help determine if you can get rid of PMI.
Settling a divorce with less stress-A divorce is often complicated by the hard decision of who maintains the property, and it can be a very heartbreaking ordeal for both parties. Regardless of the circumstances, it's a good idea to get an appraisal so both parties are completely aware of the true market value of their home.
The parties will have a better idea 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 gotten a fair evaluation.
Trustworthy Estate LiquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish 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 maximum degree of discretion. Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Sell your home quickly at the right price with an appraisal.
Whether you want 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 asking price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees aren't contingent upon the value we come up with, but rather they are based on our efforts to complete the appraisal.