There are lots of reasons people call on American Realty Appraisals, LLC

Year after year, thousands of people in New Jersey buy, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. While there are an increasing number of automated home valuation processes that might appear to be more cost-effective than an appraisal, practically all lenders still call for a local expert because the stakes are so high. But is getting a mortgage the only reason to acquire an appraisal? Are there other situations when the services of a licensed, independent real estate professional might come in handy? Absolutely.


	For real estate appraisals in Scotch Plains and Union County, it's easiest when your order online from American Realty Appraisals, LLC, just click here.

Challenge your tax assessment in Union County

It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your house, so if values have declined in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from American Realty Appraisals, LLC is your best evidence. At American Realty Appraisals, LLC, we're capable of assisting you in disputing your tax assessment.

PMI removal will lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the home, almost all lenders ask homeowners to purchase an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, American Realty Appraisals, LLC can produce a statement regarding the value of your home. The price you paid for the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a very traumatic event for both parties, and it is often more complicated by the burdensome decision of who maintains the house. Regardless of the situation, it's prudent to get an appraisal from American Realty Appraisals, LLC so both parties are completely aware of the true market value of their home.

If the parties want 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 received a fair evaluation.

Trustworthy estate liquidation

The death 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 Market Value for the residential property 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).

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

Let American Realty Appraisals, LLC help you with relocating to or from Union County

We are aware of the headaches involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any current sales or listings in their area that they want considered during our thorough process.

Sell your home quickly at the right price with an appraisal from American Realty Appraisals, LLC

A professional appraisal can help you make a more informed 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. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are on the market. So, getting 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.