6 Reasons you should order an appraisal from Premier Appraisals, Inc.To many, an appraisal is simply a line item on the break-sheet for a home purchase or refinance. Almost all lenders still call in a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation processes that may appear to be less expensive than an appraisal. Is obtaining a mortgage the only reason to acquire an appraisal? Are there also cases when the services of a licensed, independent real estate professional could be helpful? You bet. 
Contest your tax assessment in Suffolk CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your house, so if values have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Premier Appraisals, Inc. is your best evidence when building your case. At Premier Appraisals, Inc., we're qualified to assist you in challenging your tax assessment. Eliminating PMI for mortgage paymentsWhen the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, almost all lenders ask home buyers to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. Premier Appraisals, Inc. will provide you with a statement regarding the value of your home, and the expense of the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI. Order your appraisal from Premier Appraisals, Inc. today Order todaySettle a divorce with fewer hang-upsA divorce is a very daunting event for the parties involved, and it is often even more complicated by the hard decision of who gets the house. It's a good idea to order an appraisal from Premier Appraisals, Inc. so both parties are completely aware of the true market value of their house, regardless of the circumstances. 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 received a fair assessment. Accurate and fair estate liquidationThe loss 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 fullest degree of discretion. Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Move to or from Suffolk County for workEmployee relocation can be a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered during our intensive inspection. Close on your home quickly — for the right priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price. We examine the difference in value items like an extra 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 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, because we're experts in knowing how long houses stay on the market. 
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