Reasons to order an appraisalEach year, thousands of people in Minnesota purchase, sell or refinance their home. Most of these transactions consist of a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are so high, even though there are a budding number of automated home valuation systems that may appear more economical than an appraisal. You might believe that obtaining a mortgage is the only basis for getting an appraisal, but there are additional instances when the services of a certified, independent real estate professional might come in handy. 
Dispute your tax assessment in Scott CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if values are less than what they used to be in your area, you can appeal your assessment and save money. 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 paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that many lenders ask home owners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary 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 invoked by the United States Congress that requires lenders to do away with the PMI payments 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 price you paid for the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI. Order an appraisal from JML Appraisal Services Order todaySettle a divorce with less stressA divorce can be a very daunting experience for both parties, and it is often further complicated by the hard decision of who keeps the house. It's a good idea to order an appraisal from JML Appraisal Services so both parties are entirely aware of the true market value of their house, regardless of the circumstances. If the parties want to sell the home, they'll have a better 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 received a fair evaluation. Determine an accurate and fair valuation for estate liquidationLosing 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 residential property 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 wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal. Relocate to or from Scott County through an employee relocation programEmployee relocation can be a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered during our detailed inspection. Close on your home promptly — at the right priceWhether you choose 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 selling price. 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 depend on our efforts to complete the appraisal report. On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, getting 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. 
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