Reasons to get an appraisalTo many, an appraisal is simply one more thing on the settlement sheet for a home purchase or refinance. And even though there are a developing number of automated home valuation methods that may appear more prudent than an appraisal, almost all lenders still call in a local expert because the stakes are very high. You might think that getting a mortgage is the only basis for getting an appraisal, but there are more instances when the services of a certified, independent real estate professional could be beneficial. 
Contest your tax assessment in Monmouth CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if prices have declined 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. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the homeowneris more than 80% of the actual value of the home, most lenders ask home owners to take out this added insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, The Welter Appraisal Group can give you a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in little time because you'll no longer be paying the PMI. Order an appraisal from The Welter Appraisal Group Order todayDivorce settlement with less stressA divorce can be a particularly traumatic ordeal for both parties, and it is often more complicated by the troublesome decision of who maintains the home. It's a good idea to get 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. The parties will have a clearer picture of what price to set, if they want 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. Fair and accurate estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans don't have dedicated estate planners or executors to manage these matters, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth 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 stress associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information about any new sales or listings in their area that they want considered during our detailed inspection. Close on your home quickly — at an accurate 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 when determining your asking price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees rest on our efforts to complete the appraisal report and and aren't related to the sales price. We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining 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 houses stay on the market. 
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