Why you should get an appraisalTo many, an appraisal just looks like another cost on the break-sheet for a mortgage or refinance. The majority of lenders still call for a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation systems that may appear more prudent than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there more times when the services of a certified, independent real estate professional could come in handy? Of course. 
Appeal your tax assessmentIt's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your home, so if prices are less than what they used to be 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're equipped to assist you in disputing your tax assessment. Removing PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. This extra payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress 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, The Welter Appraisal Group can provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be recovered in little time because you'll no longer be paying the PMI. Order your appraisal from The Welter Appraisal Group today Order onlineGet a fair valuation on a home for divorce settlementsA divorce is often complicated by the challenging decision of who keeps the home, and it can be an especially daunting event for both parties. It's a good idea to order an appraisal from The Welter Appraisal Group so both parties are fully aware of the true market value of their home, regardless of the situation. If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Ascertain a fair and accurate valuation for 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 highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many 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 leave knowing they've gotten an honest deal. Move to or from Monmouth County for workEmployee relocation is a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our thorough inspection. Sell your home promptly — at the right priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to complete the appraisal report. 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 propertiesare on the market. So, getting a professional appraisal is a trusted way to decide 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. 
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