Personal Service Realty's Residential Valuation Group in Jacksonville perform appraisals for a variety of clients

To a lot of people, an appraisal is simply another cost in the long list of items for a home purchase or refinance. And while there are an increasing number of automated home valuation systems that might seem more prudent than an appraisal, practically all lenders still call in a local expert because the stakes are incredibly high. But is securing a mortgage the only basis for getting an appraisal? Are there more cases when the services of a licensed, independent real estate professional might come in handy? Of course there are.

Contact Personal Service Realty's Residential Valuation Group if you're planning on any transaction where the value of your real estate is a factor. Just click here

Let Personal Service Realty's Residential Valuation Group help you appeal your tax assessment in Duval County

It's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your house, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from Personal Service Realty's Residential Valuation Group is your best evidence when building your case. At Personal Service Realty's Residential Valuation Group, we're qualified to assist you in challenging your tax assessment.

Getting rid of your PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask homebuyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Personal Service Realty's Residential Valuation Group can give you a statement regarding the value of your home. The price you paid for the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is often complicated by the troublesome decision of who gets the house, and it can be a particularly heartbreaking ordeal for both parties. It's a good idea to order an appraisal from Personal Service Realty's Residential Valuation Group so both parties are entirely aware of the true market value of their property, regardless of the circumstances.

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.

Accurate and fair estate liquidation

The loss of a loved one is a hard 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 guarantee 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 don't have dedicated estate planners or executors to handle these matters. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocating to or from Duval County

Moving due to a job change can be a real pain. We know where you're coming from. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered during our detailed process.

Sell your home quickly at the right price

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to perform the appraisal report and and aren't related to the sales price.

We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to decide 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 houses stay on the market.