Why you should get an appraisal from The Home Appraisal Company, Inc.

Each year, thousands of people in New York buy, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. While there are an increasing number of automated home valuation systems that might seem more practical than an appraisal, most lenders still call for a local expert because the stakes are very high. But is obtaining a mortgage the only basis for getting an appraisal? Are there also times when the services of a licensed, independent real estate professional could come in handy? You bet there are.


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Let us help you challenge your tax assessment in Nassau or Suffolk County

If you reside in an area where property values have declined, and who doesn't, it's possible you're paying too much in property taxes. An appraisal from The Home Appraisal Company, Inc. is your best evidence when building your case. Our company along with its parent company has been assisting homeowners in challenging their tax assessments for over 30 years - experience matters.

Removing PMI will lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the property, almost all lenders ask home buyers to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to remove the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

The Home Appraisal Company, Inc. can provide you with a report showing the value of your home, and the expense of the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from The Home Appraisal Company, Inc.

A divorce is a particularly daunting ordeal for the parties involved, and it is often even more complicated by the challenging decision of who gets the house. So both parties are completely aware of the true market value of their home, it's a good idea to order an appraisal, more often than not through your attorney from The Home Appraisal Company, Inc., regardless of the circumstances.

If the parties want to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair value.

Settling an estate with peace of mind

The 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the absolute value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

The Home Appraisal Company, Inc. can help you with relocating to or from Long Island or New York City

Employee relocation is a more than just an inconvenience. We know where you're coming from! That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed process, we recommend relocating employees to provide input on the positive attributes of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.

Don't sell out short or keep your home on the market too long.

A professional appraisal can help you make a better educated 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. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, seeking 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.