Why get an appraisal from Elko Appraisal Services?Each year, thousands of people in New Jersey purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are so high, even though there are a budding number of automated home valuation processes that might seem more practical than an appraisal. But is obtaining a mortgage the only basis for getting an appraisal? Are there also cases when the services of a certified, independent real estate professional could come in handy? Of course there are.
Let Elko Appraisal Services help you challenge your tax assessment in CountyIf you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Elko Appraisal Services is your best evidence. We're capable of assisting you in challenging your tax assessment.
Let Elko Appraisal Services help you lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. This added payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI is unnecessary when the remainder 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 that requires lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.
Elko Appraisal Services will give you a statement regarding the value of your home, and the price you paid for the home valuation can generally be offset in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the strenuous decision of who gets the property, and it can be a very traumatic experience for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from Elko Appraisal Services, regardless of the situation.
The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation with help from Elko Appraisal ServicesSettling an estateThe death 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. 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 handle these matters, unlike wealthy individuals. And since 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 significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Elko Appraisal Services can help you with relocating to or from CountyWe are familiar with the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information about any current sales or listings in their area that they want considered during our intensive process.
Sell your home quickly at the right priceWhether you want to sell your home on your own or use the assistance 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 price the house sells for, unlike real estate agents. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, obtaining a professional appraisal is a reliable way to decide 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 too long, costing you hassle and money.