Why you should get an appraisal from Preferred Appraisers, Inc.To a lot of us, an appraisal just looks like a line item on the break-sheet for a mortgage or refinance. Even though there are an increasing number of automated home valuation methods that might appear more economical than an appraisal, most lenders still want a local expert because the stakes are so high. Is obtaining a mortgage the only reason to get an appraisal? Are there also cases when the services of a licensed, independent real estate professional might be beneficial? Of course there are. 
Contest your tax assessmentIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if prices have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from Preferred Appraisers, Inc. is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment. PMI removal to lower your mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the home, most lenders ask buyers to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Preferred Appraisers, Inc. can give you a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in little time because you'll no longer be paying the PMI. Order an appraisal from Preferred Appraisers, Inc. Order onlineGet a clear valuation on a home take make a divorce settlement less stressfulA divorce is a particularly horrible event for the parties involved, and it is often even more complicated by the burdensome decision of who keeps the home. It's a good idea to order an appraisal from Preferred Appraisers, Inc. so both parties are entirely aware of the true market value of their house, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Fair and accurate estate liquidationThe loss 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. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal. Move to or from Gloucester County through an employee relocation programWe are familiar with the stress involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, as well as information about any current sales or listings in their area that they want considered during our intensive inspection. Sell your home quickly — at an accurate priceA professional appraisal can help you make a more informed decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report. We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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 stay on the market. 
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