6 Reasons to consider an appraisal from The Welter Appraisal GroupThousands of people in New Jersey purchase, sell or refinance their home each year. Most of these transactions have a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that might appear to be cheaper than an appraisal. Is obtaining a mortgage the only basis for getting an appraisal? Are there also cases when the services of a licensed, independent real estate professional might be beneficial? You bet there are. 
Appeal your tax assessmentIf you are in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from The Welter Appraisal Group is your best evidence when building your case. We can assist you in disputing your tax assessment. Get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that many lenders ask buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. The Welter Appraisal Group can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI. Get your appraisal from The Welter Appraisal Group Order todaySettle a divorce with less stressA divorce is often complicated by the difficult decision of who maintains the home, and it can be an especially daunting experience for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from The Welter Appraisal Group, regardless of the situation. The parties will have a a good idea of what price to set, if they need 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. Determine a fair and accurate valuation for estate liquidationThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair 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 fullest degree of discretion. Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal. Relocate to or from Monmouth County through an employee relocation programEmployee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered. Sell your home promptly — at the right 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. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price. 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 housesare on the market. So, getting a professional appraisal is a trusted way to decide 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. 
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