Reasons to order an appraisalThousands of people in Minnesota purchase, sell or refinance their home every month. A lot of these transactions contain a simple line item for an appraisal. While there are a multiplying number of automated home valuation methods that may appear to be cheaper than an appraisal, almost all lenders still want a local expert because the stakes are incredibly high. Is getting a mortgage the only reason you should get an appraisal? Are there more times when the services of a licensed, independent real estate professional could come in handy? You bet there are. 
Dispute your tax assessmentIf you are in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from JML Appraisal Services is your best evidence when building your case. At JML Appraisal Services, we're equipped to assist you in disputing your tax assessment. Get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the home owneris more than 80% of the actual value of the real estate, many lenders ask homebuyers to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. JML Appraisal Services will provide you with a statement regarding the value of your home, and the cost of the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI. Order your appraisal from JML Appraisal Services today Order todayDivorce settlement with fewer hang-upsA divorce is often complicated by the troublesome decision of who gets the property, and it can be a very daunting occurrence for both parties. Regardless of the situation, it's a good idea to order an appraisal from JML Appraisal Services so both parties are fully aware of the true market value of their house. If the parties need 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 received a fair evaluation. Accurate and fair estate liquidationThe death of a loved one is a hard 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, guaranteeing the utmost degree of discretion. Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal. Move to or from Scott County through an employee relocation programEmployee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered. Close on your home promptly — for an accurate priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report. On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, getting 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. 
|