Why you should hire an appraiserEvery year, thousands of people in New Jersey purchase, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. Almost all lenders still call in a local expert because the stakes are very high, even though there are a budding number of automated home valuation methods that might appear cheaper than an appraisal. Is getting a mortgage the only reason to acquire an appraisal? Are there more instances when the services of a certified, independent real estate professional could be helpful? You bet there are. 
Dispute your tax assessmentIf you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from TNC Appraisal Service, Inc is your best evidence when building your case. We can assist you in disputing your tax assessment. Removing PMI for mortgage paymentsWhen the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, nearly all lenders ask homebuyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. TNC Appraisal Service, Inc can produce a statement regarding the value of your home, and the price you paid for the appraisal can often be regained in little time because you'll no longer be paying the PMI. Order your appraisal from TNC Appraisal Service, Inc today Order onlineSettle a divorce with fewer hang-upsA divorce is often complicated by the strenuous decision of who keeps the property, and it can be a particularly daunting event for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from TNC Appraisal Service, Inc so both parties are entirely aware of the true market value of their property. If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Determine an accurate and fair 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 requires 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, guaranteeing the utmost degree of discretion. Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing 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 Ocean County through an employee relocation programEmployee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any current sales or listings in their area that they want considered. Sell your home quickly — for an accurate priceA professional appraisal can help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price. We analyze 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, seeking a professional appraisal is a reliable 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. 
|