Why you should hire an appraiser

Thousands of people in New Jersey purchase, sell or refinance their home every month. Many of these transactions involve a simple line item for an appraisal. And while there are an increasing number of automated home valuation systems that may appear to be more economical than an appraisal, most lenders still call for a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are more instances when the services of a certified, independent real estate professional might come in handy.


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Let Penn Jersey Appraisal Company help you dispute your tax assessment in Bucks County

It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your real estate, so if values have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Penn Jersey Appraisal Company is your best evidence when building your case. At Penn Jersey Appraisal Company, we're equipped to assist you in appealing your tax assessment.

Penn Jersey Appraisal Company can help you eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Seeing that extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Penn Jersey Appraisal Company can give you a statement regarding the value of your home. The expense of the home valuation can usually be recovered in little time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is often complicated by the hard decision of who keeps the home, and it can be a very traumatic occurrence for both parties. It's a good idea to get an appraisal from Penn Jersey Appraisal Company so both parties are entirely aware of the true market value of their house, regardless of the situation.

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

Accurate and fair estate liquidation with help from Penn Jersey Appraisal CompanySettling an estate

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Let Penn Jersey Appraisal Company help you with relocating to or from Bucks County

Moving due to a job change can be a real pain, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our thorough process.

Selling your home quickly at the right price with an appraisal from Penn Jersey Appraisal Company

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't contingent upon the value opinion we render, but rather they are based on our efforts to finish the appraisal.

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 homes stay on the market. So, getting a professional appraisal is a trusted way to determine 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 for an extended amount of time.