Getting an appraisal from Cape Appraisal & Consulting Services,LLCThousands of people in New Jersey buy, sell or refinance their home every year. A lot of these transactions include a simple line item for an appraisal. Most 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 economical than an appraisal. But is securing a mortgage the only reason to get an appraisal? Are there other times when the services of a certified, independent real estate professional could be helpful? Absolutely.
Dispute your tax assessment in Cape May CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Cape Appraisal & Consulting Services,LLC is your best evidence. We're equipped to assist you in challenging your tax assessment.
Cape Appraisal & Consulting Services,LLC can help you eliminate PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask homeowners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. Oftentimes, this extra payment is lumped into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Cape Appraisal & Consulting Services,LLC will produce a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the burdensome decision of who keeps the property, and it can be a particularly heartbreaking experience for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Cape Appraisal & Consulting Services,LLC, regardless of the situation.
If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estate with peace of mindLosing 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 real estate involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the precise value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Cape Appraisal & Consulting Services,LLC can assist you in relocating to or from Cape May CountyWe are aware of the headaches involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed process, we encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.
Let Cape Appraisal & Consulting Services,LLC assist you in selling your home quickly at the right priceWhether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are 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 too long, costing you time and money.