6 Reasons to choose an appraisal from Ru Appraisals, LLCYear after year, thousands of people in New Jersey buy, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. The majority of lenders still need a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that might appear more cost-effective than an appraisal. You might think that getting a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could be beneficial. Contest your tax assessment in Ocean CountyIf you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Ru Appraisals, LLC, we're equipped to assist you in disputing your tax assessment. PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask home buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. More often than not, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. Ru Appraisals, LLC will give you a statement regarding the value of your home, and the cost of the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Ru Appraisals, LLC today Order onlineDivorce settlement with less stressA divorce can be a very daunting experience for both parties, and it is often more complicated by the burdensome decision of who keeps the house. Regardless of the situation, it's a good idea to order an appraisal from Ru Appraisals, LLC so both parties are entirely aware of the true market value of their property. The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Ascertain an accurate and fair valuation for estate liquidationThe loss of a loved one is a hard 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 ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal. Move to or from Ocean County for workEmployee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any current sales or listings in their area that they want considered during our detailed inspection. Sell your home quickly — at an accurate priceA professional appraisal can help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report. On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. 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 homes stay on the market. |
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