Reasons someone would need H. Eric Van Leer AppraisalsYear after year, thousands of people in New York purchase, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. And while there are a developing number of automated home valuation systems that might appear more prudent than an appraisal, most lenders still call for a local expert because the stakes are so high. You might believe that securing a mortgage is the only reason to get an appraisal, but there are other times when the services of a certified, independent real estate professional might be helpful.
Let H. Eric Van Leer Appraisals help you appeal your tax assessment in Onondaga CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your house, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from H. Eric Van Leer Appraisals is your best evidence when building your case. At H. Eric Van Leer Appraisals, we're equipped to assist you in disputing your tax assessment.
Removing PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask home buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, H. Eric Van Leer Appraisals will produce a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be a very daunting ordeal for both parties, and it is often more complicated by the challenging decision of who maintains the home. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from H. Eric Van Leer Appraisals, regardless of the circumstances.
If the parties wish 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.
Settling an estate with peace of mindThe loss 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 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 wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. 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 essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Let H. Eric Van Leer Appraisals assist you in relocating to or from Onondaga CountyWe know the headaches involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide remarks on the positive aspects of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right priceWhether 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 more informed decision regarding your selling price. 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 derived from our efforts to perform the appraisal report and and aren't related to the sales price.
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 homes are one the market.