6 Reasons you should order an appraisal from The Welter Appraisal Group
To many, an appraisal is simply a line item in the long list of items for a mortgage or refinance. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation processes that may appear less expensive than an appraisal. You might believe that obtaining a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a certified, independent real estate professional could be helpful.
Dispute your tax assessment
It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your real estate, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from The Welter Appraisal Group is your best evidence when building your case. We can assist you in disputing your tax assessment.
Eliminating PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask homeowners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
The Welter Appraisal Group will give you a statement regarding the value of your home, and the cost of the home valuation can generally be offset in little time because you'll no longer be paying the PMI.
Get your appraisal from The Welter Appraisal GroupOrder today
Get a fair valuation on a home for divorce settlements
A divorce can be a particularly horrible ordeal for both parties, and it is often further complicated by the troublesome decision of who keeps the house. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from The Welter Appraisal Group, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Determine an accurate and fair valuation for estate liquidation
The death of a loved one is a hard 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 highest degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocate to or from Monmouth County through an employee relocation program
We understand the stress associated 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 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 during our intensive inspection.
Close on your home quickly — at the right price
A professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. 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, because we're experts in knowing how long houses are one the market.