Reasons to 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 home purchase or refinance. And while there are a developing number of automated home valuation processes that may appear cheaper than an appraisal, the majority of lenders still want a local expert because the stakes are very high. Is getting a mortgage the only reason to acquire an appraisal? Are there more cases when the services of a certified, independent real estate professional might be beneficial? Of course.
Appeal your tax assessment in Monmouth County
It's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your house, 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. At The Welter Appraisal Group, we're qualified to assist you in challenging your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that most lenders ask buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. Oftentimes, this added payment is folded into the monthly mortgage payment and is soon forgotten. This is damaging because 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. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
The Welter Appraisal Group will provide you with a statement regarding the value of your home, and the expense of the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from The Welter Appraisal GroupOrder online
Settle a divorce with less stress
A divorce is a particularly daunting experience for the parties involved, and it is often further complicated by the burdensome decision of who gets the property. It's a good idea to order an appraisal from The Welter Appraisal Group so both parties are completely aware of the true market value of their home, regardless of the circumstances.
If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
The death of 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an uneven 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 received an honest deal.
Relocate to or from Monmouth County for work
We are aware of the headaches associated with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered during our thorough inspection.
Sell your home quickly — at an accurate price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking 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.