Attention homeowners in Farmington and San Juan County: Need an appraisal?
Check out the top seven reasons New Mexico homeowners need Paul James Appraisals, Inc.:
- To get a pre-listing appraisal (whether they're selling the home themselves or using a real estate agent)
- To challenge a property tax assessment in New Mexico
- To cut their mortgage payment by removing PMI
- Reinstate your Home Equity Line of Credit (HELOC)
- Verify another appraiser's report
- If real estate property needs to be divided because of a divorce
- Settle an estate in New Mexico by determining the market value of a property
We at Paul James Appraisals, Inc. understand the unique needs of a homeowner in need of appraisal services. While our typical clients understand the appraisal process and standard reporting formats, you as a consumer will get extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For Sale by Owner (FSBO)/Pre-Listing ServicesIt's very hard to be objective about your own house because you probably have an emotional attachment to it. The professional appraisers at Paul James Appraisals, Inc. will tell you what you need to know -- not just what you want to hear. We are objective. In addition to helping you set a realistic selling price so your home will attract interested buyers, a professional appraisal is a very valuable negotiating tool once you have a potential buyer. It's something concrete to show your buyer. It's an independent third party's opinion of your home's value, and not just you saying how much you think your home is worth. Potential buyers know that you have an emotional attachment to your home and will be more likely to give credibility to a seasoned appraiser's value judgement than yours.
Challenge San Juan County's assessment of your propertyYour local tax assessor may have your home overvalued if you live in a region that is declining. That only means you're most likely paying more taxes than you should. The earlier you take care of things like this, the better, since your property assessment may likely go up again in the next period. An appraisal from Paul James Appraisals, Inc. is your chief weapon when challenging your property tax assessment.
Need to cancel PMI?Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is a preferred way to cut expenses for homeowners. Once your mortgage loan is below 80% of the value of your house, in most cases you can apply to the lender to have the PMI removed from your loan, which will make your monthly payments go down. At Paul James Appraisals, Inc., we're seasoned in helping homeowners just like you get rid of unneeded PMI insurance.
Was your HELOC recently frozen?Even if your specific property has not declined in value, your lender may just make the decision to automatically freeze your home equity line of credit (HELOC) if your house is in or near a declining area. This can be unfavorable to your credit score since it may appear as though that credit line is maxed out, and also annoying from a cash flow point of view. An efficient appraisal from Paul James Appraisals, Inc. can help you reinstate your HELOC.
We Also Offer Field and Desktop Appraisal Review ServicesWould you like a second opinion without the cost and delay of waiting for a whole new appraisal? Or do you want a seasoned expert to double-check your appraisal for preciseness? We can go out and check the subject and comps in question in a field review. Or, if you need it in a rush, we can provide you with a desk review and verify as many facts as we can, using online data sources as well as our own files.
We can also provide a retrospective review of any appraisal you may have had done before. While usually requested by banks, you may wish to employ this service if you suspect mortgage fraud related to your house.