6 Reasons you should order an appraisal from Preferred Appraisers, Inc.To many, an appraisal is simply a line item on the break-sheet for a mortgage or refinance. The majority of lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that might appear less expensive than an appraisal. You might assume that getting a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be beneficial. 
Appeal your tax assessmentIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your home, so if values have gone down 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. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the home owneris more than 80% of the actual value of the real estate, many lenders ask homebuyers to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is lumped into the monthly mortgage payment and is promptly forgotten. This is bad because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove 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. will produce a statement regarding the value of your home. The cost of the appraisal can often be recovered in little time because you'll no longer be paying the PMI. Order your appraisal from Preferred Appraisers, Inc. today Order onlineGet a clear valuation on a home take make a divorce settlement less stressfulA divorce is often complicated by the troublesome decision of who keeps the house, and it can be a particularly horrible event for both parties. It's a good idea to get an appraisal from Preferred Appraisers, Inc. so both parties are fully aware of the true market value of their property, regardless of the situation. The parties will have a better 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 received a fair assessment. Determine an accurate and fair valuation for estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for 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. Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal. Relocate to or from Gloucester County through an employee relocation programWe know the stress associated with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, along with information about any current sales or listings in their area that they want considered. Close on your home promptly — for an accurate priceWhether 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 more informed decision regarding your selling price. An appraiser has no vested interest in what price 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 extra bathroom or a kitchen remodel can make on a daily basis. Getting 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 homes stay on the market. 
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