Reasons to get an appraisal from Eagle Appraisals IncEach year, thousands of people in New York buy, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. Even though there are a growing number of automated home valuation systems that might seem cheaper than an appraisal, the majority of lenders still need a local expert because the stakes are incredibly high. But is securing a mortgage the only basis for getting an appraisal? Are there additional situations when the services of a certified, independent real estate professional could be helpful? Of course there are.
Let Eagle Appraisals Inc help you challenge your tax assessment in Suffolk CountyIt's probable you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. When building your case, an appraisal from Eagle Appraisals Inc is your best evidence. We're capable of assisting you in disputing your tax assessment.How can you eliminate PMI to lower your mortgage payment?When the amount being loaned to the home buyer is more than 80% of the actual value of the property, nearly all lenders ask homeowners to take out an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.If you'd like to eliminate PMI, Eagle Appraisals Inc will produce a statement regarding the value of your home. The expense of the appraisal can generally be recovered in just a few months because you'll no longer be paying the PMI. Settling a divorce with less stressA divorce is often complicated by the hard decision of who gets the house, and it can be a very traumatic experience for both parties. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Eagle Appraisals Inc, regardless of the circumstances.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 assessment. 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 entails an appraisal to establish Market Value for the residential property 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 wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Let Eagle Appraisals Inc help you with relocating to or from Suffolk CountyWe understand the stress associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we recommend relocating employees to provide remarks 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 for too little or keep your home on the market too long.A professional appraisal can help you make a more informed decision when determining 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. Our fees aren't contingent upon the value we come up with, but rather they rest on our efforts to finish the appraisal.We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted 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 - because we're experts in knowing how long properties are one the market. |
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