6 Reasons to choose an appraisal from Sirius Appraisal Services
To a lot of us, an appraisal is simply one more thing in the long list of items for a home sale or refinance. Even though there are a developing number of automated home valuation processes that may appear more practical than an appraisal, almost all lenders still want a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason you should get an appraisal? Are there other situations when the services of a licensed, independent real estate professional could be beneficial? You bet.
Contest your tax assessment
If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Sirius Appraisal Services is your best evidence when building your case. At Sirius Appraisal Services, we're capable of assisting you in challenging your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the homeowneris more than 80% of the actual value of the property, nearly all lenders ask buyers to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI isn't required 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 United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
Sirius Appraisal Services will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.
Order an appraisal from Sirius Appraisal ServicesOrder online
Divorce settlement with fewer hang-ups
A divorce is a particularly traumatic ordeal for the parties involved, and it is often further complicated by the challenging decision of who gets the home. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from Sirius Appraisal Services, regardless of the circumstances.
If the parties need to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Ascertain an accurate and fair 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Queens County for work
We understand the stress involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any new sales or listings in their area that they want considered during our detailed inspection.
Close on your home quickly — 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 can help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are calculated 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 items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.