Jill Henderson & Associates, Inc. in Albuquerque are called upon for numerous reasons

Year after year, thousands of people in New Mexico purchase, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. Even though there are a budding number of automated home valuation processes that might seem more economical than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are other cases when the services of a licensed, independent real estate professional might come in handy.


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Appeal your tax assessment in Bernalillo County

If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Jill Henderson & Associates, Inc. is your best evidence when building your case. At Jill Henderson & Associates, Inc., we're equipped to assist you in challenging your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, almost all lenders ask buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. This is bad 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 approved by the United States Congress requiring lenders to remove the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to eliminate PMI, Jill Henderson & Associates, Inc. will give you a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.

An appraisal from Jill Henderson & Associates, Inc. will help you settle a divorce with less stress

A divorce is a very daunting experience for the parties involved, and it is often more complicated by the troublesome decision of who gets the property. It's a good idea to get an appraisal from Jill Henderson & Associates, Inc. so both parties are completely aware of the true market value of their house, regardless of the situation.

If the parties wish to sell the home, they'll have a clearer picture 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.

Accurate and fair estate liquidation

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal 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 gotten a fair deal.

Relocating to or from Bernalillo County

We are familiar with the stress involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any new sales or listings in their neighborhood that they want considered.

Let Jill Henderson & Associates, Inc. help you 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 can help you make a better educated decision regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value we report, but rather they rest on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable 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 properties are one the market.