Why order an appraisal from Jay Appraisals, Inc.?Thousands of people in Florida buy, sell or refinance their home every month. A lot of these transactions involve a simple line item for an appraisal. While there are a developing number of automated home valuation systems that may appear to be more practical than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to acquire an appraisal? Are there other situations when the services of a licensed, independent real estate professional might be beneficial? Of course.
Let Jay Appraisals, Inc. help you challenge your tax assessment in Pasco CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your home, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Jay Appraisals, Inc. is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.
Jay Appraisals, Inc. can help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, nearly all lenders ask buyers to take out an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to do away with the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Jay Appraisals, Inc. will produce a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be a particularly daunting experience for both parties, and it is often further complicated by the strenuous decision of who gets the property. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Jay Appraisals, Inc., 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 received a fair assessment.
Settling an estate with peace of mindThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. A home or other property often makes up a disproportionate 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.
Relocating to or from Pasco County?We are familiar with the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide feedback on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered.
Don't sell out short or let your home stay on the market too long.A professional appraisal will help you make a better educated decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value we report, but rather they are based on our efforts to finish the appraisal.
We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, getting a professional appraisal is a reliable 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.