Why you should order an appraisalThousands of people in New Jersey purchase, sell or refinance their home each month. Most of these transactions have a simple line item for an appraisal. Most lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation processes that might seem more prudent than an appraisal. Is getting a mortgage the only reason to acquire an appraisal? Are there additional times when the services of a certified, independent real estate professional could be helpful? You bet. 
Challenge your tax assessment in Gloucester CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in disputing your tax assessment. PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Preferred Appraisers, Inc. can produce a statement regarding the value of your home. The cost of the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI. Get your appraisal from Preferred Appraisers, Inc. Order todayGet a fair valuation on a home for divorce settlementsA divorce is often complicated by the burdensome decision of who gets the home, and it can be an especially daunting occurrence for both parties. It's a good idea to order an appraisal from Preferred Appraisers, Inc. so both parties are fully aware of the true market value of their property, 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. Ascertain a fair and accurate valuation for estate liquidationThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion. Most Americans don't have dedicated estate planners or executors to manage these issues, unlike 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 significant importance to ensuring disputing parties leave knowing they've gotten a fair deal. Relocate to or from Gloucester County for workWe are familiar with the stress associated with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide input on the positive attributes of their property, as well as information about any current sales or listings in their area that they want considered. Sell your home promptly — for an accurate priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report. We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, seeking a professional appraisal is a trusted 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. 
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