Reasons to order an appraisal from Sirius Appraisal Services
Thousands of people in New York purchase, sell or refinance their home every year. Many of these transactions include a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation processes that may seem cheaper than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there also cases when the services of a licensed, independent real estate professional could be helpful? Absolutely.
Contest your tax assessment in Queens County
It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in disputing 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 property, nearly all lenders ask home owners to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Sirius Appraisal Services can produce a statement regarding the value of your home. The expense of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be a very horrible experience for both parties, and it is often more complicated by the challenging decision of who maintains the property. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Sirius Appraisal Services, regardless of the situation.
The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The loss of a loved one is a difficult 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 fullest 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 take care of these matters, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocate to or from Queens County through an employee relocation program
Employee relocation is a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information about any recent sales or listings in their area that they want considered during our thorough inspection.
Sell your home quickly — for the right price
A professional appraisal will help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. 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 finish the appraisal report and and aren't related to the sales price.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable 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 properties are one the market.