Reasons someone would call JAN SCHOMMERTo a lot of people, an appraisal is simply a line item on the break-sheet for a mortgage or refinance. And even though there are a growing number of automated home valuation methods that may appear to be more economical than an appraisal, the majority of lenders still call in a local expert because the stakes are very high. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a licensed, independent real estate professional could come in handy.
Appeal your tax assessment in San Bernardino CountyIt's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your real estate, so if values are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from JAN SCHOMMER is your best evidence. At JAN SCHOMMER, 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 real estate, almost all lenders ask homeowners to purchase an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed 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 do away with PMI, JAN SCHOMMER can produce a statement regarding the value of your home. The price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the difficult decision of who maintains the house, and it can be an especially traumatic occurrence for both parties. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from JAN SCHOMMER, regardless of the situation.
If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Settling an estate with peace of mindThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We ensure 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 many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. And since a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
JAN SCHOMMER can help you with relocating to or from San Bernardino CountyWe understand the stress associated with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest relocating employees to provide input on the positive features of their property, as well as information about any new sales or listings in their area that they want considered.
Let JAN SCHOMMER help you sell your home quickly at the right priceA professional appraisal will help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to perform the appraisal report and and aren't related to the sales price.
We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking 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 an unnecessarily long time - because we're experts in knowing how long homes stay on the market.