Reasons to hire an appraiser
Thousands of people in Florida buy, sell or refinance their home each month. A lot of these transactions consist of a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation processes that may appear less expensive than an appraisal. 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? Absolutely.
Challenge your tax assessment
If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Jennifer's Appraisals, Inc. is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the home owneris more than 80% of the actual value of the property, almost all lenders ask homeowners to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this added payment is folded into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remainder 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 dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Jennifer's Appraisals, Inc. will provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from Jennifer's Appraisals, Inc.Order today
Settle a divorce with less stress
A divorce is a very horrible experience for the parties involved, and it is often further complicated by the strenuous decision of who gets the home. It's a good idea to order an appraisal from Jennifer's Appraisals, Inc. so both parties are fully aware of the true market value of their property, regardless of the circumstances.
The parties will have a a good idea 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 assessment.
Determine a fair and accurate valuation for 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. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to take care of these affairs, 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 significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocate to or from Broward County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, as well as information about any new sales or listings in their area that they want considered.
Sell your home quickly — at an accurate price
A professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.
On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining 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, because we're experts in knowing how long homes are one the market.