Why you should order an appraisal

To a lot of us, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. Practically all lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that might seem more prudent than an appraisal. You might think that securing a mortgage is the only reason you should get an appraisal, but there are more cases when the services of a certified, independent real estate professional might be helpful.

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Appeal your tax assessment in Queens County

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if values have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Sirius Appraisal Services is your best evidence when building your case. We can assist you in challenging your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the home, almost all lenders ask buyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is soon forgotten. This is bad because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Sirius Appraisal Services will produce a statement regarding the value of your home. The cost of the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be a very horrible experience for both parties, and it is often further complicated by the troublesome decision of who keeps the property. Regardless of the situation, it's a good idea to order an appraisal from Sirius Appraisal Services so both parties are entirely aware of the true market value of their property.

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

Accurate and fair estate liquidation

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Queens County for work

Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our detailed inspection.

Close on your home promptly — for the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.

We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to decide what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time, because we're experts in knowing how long houses are one the market.

Let Sirius Appraisal Services help you sell your home quickly at the right price