6 Reasons you should order an appraisal from Sirius Appraisal Services

Thousands of people in New York buy, sell or refinance their home every year. Many of these transactions involve a simple line item for an appraisal. Even though there are a developing number of automated home valuation processes that may appear more cost-effective than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could come in handy.

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Contest your tax assessment

If you are in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Sirius Appraisal Services, we're capable of assisting you in appealing your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask homeowners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Oftentimes, this extra payment is folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

Sirius Appraisal Services can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be offset in little time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is a very traumatic event for the parties involved, and it is often further complicated by the strenuous decision of who keeps the home. Regardless of the situation, it's a good idea to get an appraisal from Sirius Appraisal Services so both parties are entirely aware of the true market value of their property.

The parties will have a a good idea of what price to set, if they wish 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.

Ascertain a fair and accurate valuation for estate liquidation

The death of a loved one is a hard 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, ensuring the utmost degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Queens County for work

We are familiar with the stress involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide input on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.

Sell your home promptly — for the right price

Whether 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. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, getting a professional appraisal is a reliable 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 Sirius Appraisal Services help you sell your home quickly at the right price