Reasons to order an appraisal from The Welter Appraisal GroupTo many, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Nearly all lenders still call in a local expert because the stakes are so high, even though there are an increasing number of automated home valuation systems that may seem cheaper than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there other instances when the services of a licensed, independent real estate professional might be helpful? You bet. 
Contest your tax assessment in Monmouth CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your house, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At The Welter Appraisal Group, we're capable of assisting you in appealing your tax assessment. Removing PMI for mortgage paymentsWhen the amount being loaned to the home owneris more than 80% of the actual value of the real estate, nearly all lenders ask home buyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this added payment is folded into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, The Welter Appraisal Group can provide you with a statement regarding the value of your home. The cost of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from The Welter Appraisal Group Order onlineSettle a divorce with fewer hang-upsA divorce is an especially daunting experience for the parties involved, and it is often further complicated by the strenuous decision of who maintains the house. It's a good idea to order an appraisal from The Welter Appraisal Group so both parties are entirely aware of the true market value of their property, regardless of the situation. The parties will have a a good 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. Fair and accurate estate liquidationThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And since a home or other property often makes up a disproportionate share of the total estate value, 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. Move to or from Monmouth County through an employee relocation programWe understand the headaches involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide input on the positive attributes of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered. Close on your home promptly — at an accurate priceA professional appraisal will help you make a more informed decision regarding your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. 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 are calculated on our efforts to finish the appraisal report. We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted way to determine 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. 
|