6 Reasons you should order an appraisal from Premier Appraisals, Inc.Every year, thousands of people in New York purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Almost all lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that may appear to be cheaper than an appraisal. Is obtaining a mortgage the only reason to get an appraisal? Are there more situations when the services of a certified, independent real estate professional could be beneficial? Of course. 
Appeal your tax assessmentIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from Premier Appraisals, Inc. is your best evidence when building your case. We can assist you in challenging your tax assessment. Eliminating PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask home owners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This additional payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove 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 often be offset 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 an especially daunting event for the parties involved, and it is often more complicated by the burdensome decision of who keeps the property. It's a good idea to get an appraisal from Premier Appraisals, Inc. so both parties are completely aware of the true market value of their house, regardless of the circumstances. 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 assessment. Accurate and fair estate liquidationThe 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 highest 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 manage these issues, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Relocate to or from Suffolk County through an employee relocation programEmployee relocation can be a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide remarks on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered. Sell your home promptly — for an accurate priceWhether you choose 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 when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report. We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to determine 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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