Why you should order an appraisal from Preferred Appraisers, Inc.

To many, 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 processes that might appear to be more practical than an appraisal, the majority of lenders still call for a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason you should get an appraisal? Are there other times when the services of a licensed, independent real estate professional might be beneficial? You bet there are.

Let Preferred Appraisers, Inc. assist you in lowering your mortgage payment

Challenge your tax assessment in Gloucester County

If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment.

PMI removal to lower a mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate 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 provide you with a statement regarding the value of your home. The cost of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce can be an especially horrible event for both parties, and it is often further complicated by the burdensome decision of who gets the property. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Preferred Appraisers, Inc., regardless of the circumstances.

The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Gloucester County for work

We are aware of the stress involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide input on the positive features of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.

Sell your home quickly — at an accurate price

Whether you want 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 selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to complete the appraisal report and not a percentage of the sales price.

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 trusted way to determine 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 an unnecessarily long time, because we're experts in knowing how long homes are one the market.

Let Preferred Appraisers, Inc. help you sell your home quickly at the right price