Why you should order an appraisal from The Welter Appraisal Group
To many, an appraisal is simply a line item in the long list of items for a home sale or refinance. The majority of lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that may seem more practical than an appraisal. You might believe that obtaining a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a certified, independent real estate professional could be beneficial.
Challenge your tax assessment in Monmouth County
It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from The Welter Appraisal Group is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.
PMI removal to lower a mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask home buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. This extra payment is often folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, The Welter Appraisal Group will produce a statement regarding the value of your home. The price you paid for the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
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Get a clear valuation on a home take make a divorce settlement less stressful
A divorce can be an especially daunting ordeal for both parties, and it is often further complicated by the troublesome decision of who maintains the home. Regardless of the situation, it's a good idea to order an appraisal from The Welter Appraisal Group so both parties are completely aware of the true market value of their home.
The parties will have a better 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.
Accurate and fair estate liquidation
Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Monmouth County through an employee relocation program
We are familiar with the stress involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered during our intensive inspection.
Close on your home quickly — at the right price
A professional appraisal will help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Apart from 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 not a percentage of the sales price.
On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to determine 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.