6 Reasons to choose an appraisal from Ru Appraisals, LLC

To many, an appraisal is simply a line item in the long list of items for a home sale or refinance. And while there are a multiplying number of automated home valuation methods that may appear more economical than an appraisal, practically all lenders still call in a local expert because the stakes are very high. You might think that securing 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 helpful.

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Dispute your tax assessment

It's probable 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 past assessment of your house, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Ru Appraisals, LLC is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that nearly all lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

Ru Appraisals, LLC can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the burdensome decision of who gets the home, and it can be an especially daunting occurrence for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from Ru Appraisals, LLC, regardless of the circumstances.

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

Accurate and fair estate liquidation

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We ensure the highest 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 don't have dedicated estate planners or executors to take care of these issues. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocate to or from Ocean County through an employee relocation program

Employee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide remarks on the positive aspects of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered.

Sell your home promptly — for the right price

Whether you want 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 regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal report.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to decide what improvements will add value and what an applicable 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.

Let Ru Appraisals, LLC help you sell your home quickly at the right price

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