Reasons to order an appraisal from Valutron Appraisal Services, Inc.Year after year, thousands of people in New York purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Most lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that may seem less expensive than an appraisal. You might assume that getting a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could come in handy.
Challenge your tax assessment in Nassau CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Valutron Appraisal Services, Inc. is your best evidence. At Valutron Appraisal Services, Inc.,we can assist you in disputing your tax assessment.
Valutron Appraisal Services, Inc. can help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyer is more than 80% of the actual value of the property, almost all lenders ask home buyers to take out an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this extra payment is lumped into the monthly mortgage payment and is soon forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
Valutron Appraisal Services, Inc. can give you a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is an especially daunting experience for the parties involved, and it is often further complicated by the strenuous decision of who keeps the home. It's a good idea to get an appraisal from Valutron Appraisal Services, Inc. so both parties are fully aware of the true market value of their house, regardless of the situation.
The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation with Valutron Appraisal Services, Inc.Settling an estateThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the correct value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocating to or from Nassau County?We know the headaches involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information regarding any new sales or listings in their neighborhood that they want considered during our intensive process.
Don't sell out short or keep your home on the market too long.A professional appraisal will help you make a better educated decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted way to decide 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 properties stay on the market.