Reasons to order an appraisal from JML Appraisal ServicesThousands of people in Minnesota buy, sell or refinance their home each year. Most of these transactions contain a simple line item for an appraisal. Practically all lenders still want a local expert because the stakes are very 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 getting a mortgage is the only reason you should get an appraisal, but there are more cases when the services of a certified, independent real estate professional could be helpful. 
Challenge your tax assessmentIt'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 previous assessment of your house, so if values have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At JML Appraisal Services, we're capable of assisting you in disputing your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, almost all lenders ask home buyers to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. This is bad because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress implemented 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. If you'd like to get rid of PMI, JML Appraisal Services will provide you with a statement regarding the value of your home. The cost of the appraisal can generally be regained in little time because you'll no longer be paying the PMI. Order an appraisal from JML Appraisal Services Order todaySettle a divorce with fewer hang-upsA divorce is a very traumatic event for the parties involved, and it is often more complicated by the challenging decision of who maintains the property. 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 property, regardless of the situation. If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Fair and accurate estate liquidationThe loss of 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 residential property involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal. Move to or from Scott County through an employee relocation programEmployee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information about any current sales or listings in their area that they want considered during our intensive inspection. Close on your home quickly — for an accurate 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 more informed decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price. We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable 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 stay on the market. 
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