Why you should get an appraisal from The Welter Appraisal Group

Thousands of people in New Jersey buy, sell or refinance their home every year. Many of these transactions have a simple line item for an appraisal. And even though there are a multiplying number of automated home valuation methods that might seem more practical than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. Is getting a mortgage the only reason to acquire an appraisal? Are there additional cases when the services of a licensed, independent real estate professional could be beneficial? Of course.

Let The Welter Appraisal Group help you lower your mortgage payment

Contest your tax assessment in Monmouth County

It's likely 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 home, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At The Welter Appraisal Group, we're equipped to assist you in appealing your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the real estate, almost all lenders ask home owners to purchase this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

The Welter Appraisal Group can give you a statement regarding the value of your home, and the price you paid for the home valuation can often be regained in just a few months 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 is a very traumatic ordeal for the parties involved, and it is often further complicated by the troublesome decision of who gets the house. It's a good idea to order an appraisal from The Welter Appraisal Group so both parties are fully aware of the true market value of their home, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Determine a fair and accurate valuation for 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 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).

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Monmouth County for work

Employee relocation can be a stressful event, and we understand. We take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any recent sales or listings in their area that they want considered during our detailed inspection.

Sell your home promptly — for an accurate price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of 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 homesare on the market. So, obtaining a professional appraisal is a trusted 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.

Let The Welter Appraisal Group assist you in selling your home quickly at the right price