Need an appraisal in Boonton or County?
The top 7 reasons New Jersey homeowners need Elko Appraisal Services:
We at Elko Appraisal Services understand the unique needs of a consumer after appraisal services. Our usual business clients understand the appraisal process and the standard documents we provide. Being a regular person not in the real estate field that ordinarily doesn't look at appraisals on a regular basis, we will give you extra guidance and explanations through the appraisal process to understand what we do and how we report our conclusions.
Pre-listing Services/For Sale by Owner (FSBO)It's very hard to be objective about your home because of your emotional attachment to it. Professional appraisers, like the ones at Elko Appraisal Services, will be objective. We'll tell you what you need to know, not just what you want to hear. A professional appraisal is a crucial negotiating tool once you have a potential buyer, in addition to helping you set a realistic price to sell at so your home will attract many interested buyers. It's something concrete to show your buyer. An appraisal is an independent third party's opinion of your house's value -- not just you saying how much your home is worth. Interested buyers assume that you have an emotional attachment to your home and will be far more likely to give credibility to an experienced appraiser's value report than yours.
Challenge Tax AssessmentLet's say you live in a local area that is declining -- your local tax assessor may have your home overvalued. This only means you're most likely paying higher taxes than you should be paying. The quicker you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. An appraisal report from Elko Appraisal Services is your #1 weapon when challenging your property tax assessment.
Appraisals to remove PMIGetting the PMI (Private Mortgage Insurance) removed from your mortgage loan is an attractive money saver for homeowners. Once your mortgage loan amount is below 80% of the value of your house, in most cases you can apply to a lender to have the PMI canceled from your loan, which will make your monthly payments go down. At Elko Appraisal Services, we're experts in helping folks just like you rid yourselves of unwanted PMI insurance.
Recently got a freeze to your HELOC?If your property is in a declining area, your lender might just decide to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. Not only can this be annoying from a cash flow standpoint, but it can be negative on your credit score since it may appear as though that credit line is maxed out. Elko Appraisal Services can help you reinstate your HELOC.
We Also Provide Field and Desktop Appraisal Review ServicesHave you just received a copy of your appraisal and you'd like to have a seasoned expert double-check it for precision or do you want a second opinion without the charge and delay of waiting for a whole new appraisal? In a field review we'll go out and check the subject and comparables. If you need it in a rush, we'll provide desk review and verify as many facts as we can, using online data sources as well as our own files.
We can also provide a retrospective review of any appraisal you may have in your possession. While usually requested by banks, you may wish to take advantage of this service if you suspect mortgage fraud related to your home.