Why you should get an appraisal

To a lot of people, an appraisal is simply one more thing in the long list of items for a home sale or refinance. Almost all lenders still call for a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that might appear more practical than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there also cases when the services of a certified, independent real estate professional could be helpful? Of course.


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Challenge your tax assessment in San Juan County

If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Paul James Appraisals, Inc. is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.

How can you eliminate PMI to lower your mortgage payment?

When the amount being loaned to the homebuyer is more than 80% of the actual value of the home, most lenders ask homeowners to buy an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

Paul James Appraisals, Inc. can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can usually be regained in little time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce can be an especially daunting ordeal for both parties, and it is often even more complicated by the burdensome decision of who gets the home. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from Paul James Appraisals, Inc., regardless of the situation.

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

Fair and accurate estate liquidation

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property 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).

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these matters. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the correct value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Paul James Appraisals, Inc. can help you with relocating to or from San Juan County

Moving due to a job change is a stressful event. We know where you're coming from! That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive process, we suggest employees that are moving to provide feedback on the positive features of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.

Selling your home quickly at the right price with an appraisal from Paul James Appraisals, Inc.

A professional appraisal will help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.

We determine 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 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 too long, costing you time and money.