There are lots of reasons the public calls on Regional Real Estate Appraisal Service .Thousands of people in New York buy, sell or refinance their home every year. Many of these transactions contain a simple line item for an appraisal. And while there are an increasing number of automated home valuation systems that might seem more cost-effective than an appraisal, the majority of lenders still call for a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a licensed, independent real estate professional might be beneficial.
Challenge your tax assessment in Rockland, Westchester or Orange CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your home, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from Regional Real Estate Appraisal Service is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.
Let Regional Real Estate Appraisal Service help you eliminate PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask homebuyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This added payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved 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.
Regional Real Estate Appraisal Service will produce a statement regarding the value of your home, and the cost of the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Regional Real Estate Appraisal Service .A divorce is an especially daunting event for the parties involved, and it is often further complicated by the challenging decision of who maintains the home. Regardless of the situation, it's wise to get an appraisal from Regional Real Estate Appraisal Service so both parties are completely aware of the true market value of their house.
The parties will have a a good idea of what price to set, if they wish 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.
Settling an estate with peace of mindThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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, guaranteeing the maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike many 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.
Relocating to or from Rockland Westchester or Orange CountyWe know the stress associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any recent sales or listings in their area that they want considered.
Don't sell out for too little or let your home stay on the market too long.A professional appraisal will help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they depend on our efforts to complete the appraisal.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting 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 houses are one the market.