Reasons to get an appraisal from Ru Appraisals, LLCYear after year, thousands of people in New Jersey purchase, sell or refinance their home. Most of these transactions consist of a simple line item for an appraisal. While there are a budding number of automated home valuation systems that might appear more practical than an appraisal, practically all lenders still call in a local expert because the stakes are very high. Is obtaining a mortgage the only reason to get an appraisal? Are there also situations when the services of a certified, independent real estate professional might come in handy? You bet. 
Challenge your tax assessment in Ocean CountyIf you are in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Ru Appraisals, LLC is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, most lenders ask buyers to buy this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI payments 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 regained in just a few months because you'll no longer be paying the PMI. Get your appraisal from Ru Appraisals, LLC Order onlineDivorce settlement with fewer hang-upsA divorce is a very traumatic experience for the parties involved, and it is often more complicated by the challenging decision of who keeps the house. It's a good idea to get an appraisal from Ru Appraisals, LLC so both parties are fully aware of the true market value of their house, regardless of the situation. 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. Determine an accurate and fair valuation for estate liquidationLosing 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 residential property involved. We guarantee the maximum 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 handle these affairs, unlike wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal. Relocate to or from Ocean County for workEmployee relocation can be a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered. Sell your home promptly — for an accurate priceA professional appraisal can help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report. On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare 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 an unnecessarily long time. 
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