Getting an appraisal from Nace Appraisal GroupThousands of people in New York purchase, sell or refinance their home every year. Many of these transactions involve a simple line item for an appraisal. Even though there are a growing number of automated home valuation systems that may appear cheaper than an appraisal, the majority of lenders still need a local expert because the stakes are so high. But is securing a mortgage the only basis for getting an appraisal? Are there other times when the services of a licensed, independent real estate professional might be beneficial? Of course.
Let Nace Appraisal Group help you challenge your tax assessment in Nassau or Suffolk CountyIf you reside in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Nace Appraisal Group is your best evidence. At Nace Appraisal Group, we're qualified to assist you in appealing your tax assessment.
Nace Appraisal Group can help you get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Most often, this added payment is folded into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes 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 eliminate the PMI installments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Nace Appraisal Group will produce a statement regarding the value of your home. The cost of the appraisal can often be regained in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Nace Appraisal GroupA divorce is often complicated by the burdensome decision of who keeps the property, and it can be a particularly heartbreaking event for both parties. Regardless of the circumstances, it's wise to get an appraisal from Nace Appraisal Group so both parties are completely aware of the true market value of their property.
If the parties want to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Settling an estate with peace of mindThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the real estate involved. We ensure the maximum 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 do not have dedicated estate planners or executors to manage these matters. 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 essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocating to or from Nassau or Suffolk CountyWe are familiar with the headaches associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any recent sales or listings in their area that they want considered.
Don't sell out short or let your home stay on the market too long.A professional appraisal can help you make a better educated decision regarding your asking price, whether you decide 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, which is different than the interest of real estate agents. The price we charge isn't contingent upon the value opinion we render, but rather they are calculated on our efforts to finish the appraisal.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, getting a professional appraisal is a reliable 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.