Why you should get an appraisal from SAMRYLEX Real Estate Appraisals and Consulting Services
To many, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. While there are a multiplying number of automated home valuation methods that may appear to be less expensive than an appraisal, nearly all lenders still call for a local expert because the stakes are so high. You might assume that securing a mortgage is the only reason to get an appraisal, but there are other situations when the services of a licensed, independent real estate professional might be helpful.
Contest your tax assessment in Cape May County
It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your home, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from SAMRYLEX Real Estate Appraisals and Consulting Services is your best evidence when building your case. At SAMRYLEX Real Estate Appraisals and Consulting Services, we're qualified to assist you in appealing your tax assessment.
PMI removal to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. Oftentimes, this additional payment is lumped into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, SAMRYLEX Real Estate Appraisals and Consulting Services will provide you with a statement regarding the value of your home. The cost of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.
Get your appraisal from SAMRYLEX Real Estate Appraisals and Consulting ServicesOrder today
Settle a divorce with less stress
A divorce can be a very horrible event for both parties, and it is often further complicated by the hard decision of who gets the property. Regardless of the situation, it's a good idea to get an appraisal from SAMRYLEX Real Estate Appraisals and Consulting Services so both parties are completely aware of the true market value of their house.
If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Determine a fair and accurate valuation for estate liquidation
The death of a loved one is a hard 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 maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Move to or from Cape May County for work
We know the stress associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide input on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered.
Close on your home promptly — for an accurate price
A professional appraisal will help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal report.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to decide 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.