Reasons to consider an appraisal from Preferred Appraisers, Inc.To many, an appraisal is simply another cost in the long list of items for a home purchase or refinance. While there are a growing number of automated home valuation methods that may appear more practical than an appraisal, almost all lenders still call for a local expert because the stakes are very high. Is getting a mortgage the only reason to acquire an appraisal? Are there other instances when the services of a certified, independent real estate professional might be helpful? You bet there are. ![]() Challenge your tax assessment in Gloucester CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your house, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Preferred Appraisers, Inc. is your best evidence when building your case. We can assist you in challenging your tax assessment. Eliminating PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that many lenders ask homebuyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met. Preferred Appraisers, Inc. will produce a statement regarding the value of your home, and the expense of the appraisal can often be regained in just a few months because you'll no longer be paying the PMI. Order an appraisal from Preferred Appraisers, Inc. Order onlineGet a fair valuation on a home for divorce settlementsA divorce is often complicated by the strenuous decision of who gets the house, and it can be a very daunting event for both parties. Regardless of the situation, it's a good idea to get an appraisal from Preferred Appraisers, Inc. so both parties are entirely aware of the true market value of their house. If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Ascertain an accurate and fair 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 calls for 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, ensuring the fullest degree of discretion. Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Relocate to or from Gloucester County through an employee relocation programEmployee relocation can be a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any new sales or listings in their area that they want considered during our detailed inspection. Close on your home promptly — at 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 more informed decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price. We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, obtaining a professional appraisal is a trusted way to determine 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. ![]() |