Attention homeowners: Real estate appraisal services for in Riverside and Riverside County
Here are the top reasons CA homeowners call on JM Residental Appraisal Services:
Need help deciding the value of your home in or near Riverside, CA?
We at JM Residental Appraisal Services understand the particular needs of a customer seeking appraisal services. Our customary business clients get the appraisal process and the standard "products" we deliver to them. As our client, we will provide you with extra guidance and explanations through the appraisal process to better understand what we do and how we report our conclusions.
For-Sale-By-Owner (FSBO) / Pre-Listing Services
It's very hard to be objective about your own house because you probably have an emotional attachment to it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is a very valuable negotiating tool once you have a likely buyer, in addition to helping you set a realistic price to sell at so your property will attract buyers. It's something concrete to show your buyer. The appraisal is an independent third party's opinion of your home's price, not just you saying how much your house is worth. Potential buyers assume that you have an emotional attachment to your house and will be much more likely to give credibility to an experienced appraiser's value judgement than yours.
Appraisals to remove PMI
A preferred way to cut costs for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan amount is less than 80% of the value of your house. In most cases you can apply to a lender to have the PMI canceled from your loan. JM Residental Appraisal Services is seasoned in helping customers just like you do away with unnecessary PMI insurance.
Challenging property tax assessments
If you live in a region that is declining or is not appreciating as much as other houses close to yours, your local tax assessor may have your home overvalued. This means you are probably paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the quicker you take care of a matter like this, the better off you'll be. An appraisal from JM Residental Appraisal Services is your perfect weapon when contesting your property tax assessment.
HELOC recently frozen?
Even if your specific property has not declined in value, your lender may decide to automatically freeze your home equity line of credit (HELOC) if your home is near a declining area. Not only can this be troublesome from a cash flow angle, but it can be harmful to your credit score since it may appear as though that credit line is maxed out. JM Residental Appraisal Services can help you reinstate your home equity line of credit with a professional appraisal.
Field and Desktop Appraisal Review Services
Do you need a seasoned professional to double-check your appraisal for accuracy, or do you desire a second opinion without the cost and delay of waiting for a whole new appraisal? An appraiser from JM Residental Appraisal Services can go out and check the subject and comparables in a field review. If you need it immediately, we'll provide desk review and verify as many facts as we can using online data sources as well as our own files.
Do you need a retrospective review of an appraisal? JM Residental Appraisal Services can help you with that. Even though this is usually requested by banks, you may desire to make use of this service if you suspect mortgage fraud related to your property.