There are lots of reasons consumers call on Boney & JohnsonTo a lot of us, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Nearly all lenders still need a local expert because the stakes are very high, even though there are an increasing number of automated home valuation processes that may appear cheaper than an appraisal. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could be beneficial.
Challenge your tax assessment in Duval CountyIt's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Boney & Johnson is your best evidence. At Boney & Johnson,we can assist you in disputing your tax assessment.
Let Boney & Johnson help you lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the real estate, many lenders ask home owners to take out an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Boney & Johnson can give you a statement regarding the value of your home. The expense of the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the burdensome decision of who gets the home, and it can be an especially heartbreaking experience for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Boney & Johnson, regardless of the situation.
If the parties wish to sell the home, they'll have a a good 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 gotten a fair assessment.
Settling an estate with peace of mindThe death 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 real estate 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).
Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Boney & Johnson can assist you in relocating to or from Duval CountyWe know the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed process, we suggest employees that are moving to provide remarks on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered.
Sell your home quickly at the right priceA professional appraisal will help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. The price we charge isn't related to the sales price, but rather they are calculated on our efforts to complete the appraisal.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to determine what improvements will add value and what a suitable 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.