Reasons to order an appraisal from BONAFIDE APPRAISAL SERVICES

Thousands of people in New Jersey buy, sell or refinance their home each year. Many of these transactions include a simple line item for an appraisal. Practically all lenders still call in a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation processes that may appear less expensive than an appraisal. But is getting a mortgage the only reason you should get an appraisal? Are there other instances when the services of a licensed, independent real estate professional could be beneficial? Of course there are.


	For real estate appraisals in Barnegat and Ocean County, it's easiest when your order online from BONAFIDE APPRAISAL SERVICES, just click here.

Let BONAFIDE APPRAISAL SERVICES help you appeal your tax assessment in Ocean County

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from BONAFIDE APPRAISAL SERVICES is your best evidence when building your case. At BONAFIDE APPRAISAL SERVICES,we can assist you in appealing your tax assessment.

How can you eliminate PMI to lower your mortgage payment?

When the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, most lenders ask homeowners to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually bundled 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% level, making this very unfavorable. 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 payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, BONAFIDE APPRAISAL SERVICES will produce a statement regarding the value of your home. The expense of the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a particularly daunting event 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 BONAFIDE APPRAISAL SERVICES, regardless of the circumstances.

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

Trustworthy estate liquidation

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Let BONAFIDE APPRAISAL SERVICES help you with relocating to or from Ocean County

We know the headaches involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide feedback on the positive features of their property, as well as information about any recent sales or listings in their neighborhood that they want considered.

Let BONAFIDE APPRAISAL SERVICES assist you in selling your home quickly at the right price

Whether you choose to sell your home on your own or with the help 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 based on our efforts to complete the appraisal.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, obtaining 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.