6 Reasons to order an appraisal from J & A Appraisals, LLC

Thousands of people in Colorado buy, sell or refinance their home each year. A lot of these transactions include a simple line item for an appraisal. While there are a growing number of automated home valuation systems that might appear to be more prudent than an appraisal, practically all lenders still call for a local expert because the stakes are very high. You might believe that getting a mortgage is the only reason to get an appraisal, but there are other times when the services of a licensed, independent real estate professional might be beneficial.

Let J & A Appraisals, LLC help you lower your mortgage payment

Challenge your tax assessment in Arapahoe County

If you are in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, almost all lenders ask buyers to purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, J & A Appraisals, LLC will produce a statement regarding the value of your home. The expense of the appraisal can usually be offset in little time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce can be an especially daunting event for both parties, and it is often further complicated by the burdensome decision of who gets the house. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from J & A Appraisals, LLC, regardless of the situation.

The parties will have a a good idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Fair and accurate estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails 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 fullest degree of discretion.

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. 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 leave knowing they've received a fair deal.

Relocate to or from Arapahoe County through an employee relocation program

We are familiar with the stress involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide feedback on the positive attributes of their property, along with information about any recent sales or listings in their neighborhood that they want considered.

Close on your home promptly — for the right price

Whether you choose 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 regarding your selling price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to decide what improvements will add value and what a suitable 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 properties stay on the market.

Let J & A Appraisals, LLC help you sell your home quickly at the right price