Reasons to get an appraisal from Simila Appraisals Inc.

Thousands of people in New Jersey purchase, sell or refinance their home each year. A lot of these transactions include a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation methods that might appear to be cheaper than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. You might think that getting a mortgage is the only reason to get an appraisal, but there are additional instances when the services of a licensed, independent real estate professional might be helpful.


	For real estate appraisals in Califon and Hunterdon County, it's easiest when your order online from Simila Appraisals Inc., just click here.

Let Simila Appraisals Inc. help you dispute your tax assessment in Hunterdon County

If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Simila Appraisals Inc. is your best evidence when building your case. At Simila Appraisals Inc.,we can assist you in disputing your tax assessment.

Removing PMI will lower your mortgage payment

When the amount being loaned to the home owner is more than 80% of the actual value of the real estate, almost all lenders ask buyers to purchase an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Simila Appraisals Inc. will give you 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 with an appraisal from Simila Appraisals Inc.

A divorce is an especially traumatic event for the parties involved, and it is often more complicated by the strenuous decision of who maintains the house. It's a good idea to get an appraisal from Simila Appraisals Inc. so both parties are completely aware of the true market value of their home, regardless of the situation.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Settling an estate with peace of mind

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the correct value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Simila Appraisals Inc. can assist you in relocating to or from Hunterdon County

We understand the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed process, we suggest relocating employees to provide feedback on the positive features of their property, as well as information about any current sales or listings in their neighborhood that they want considered.

Sell your home quickly at the right price with an appraisal from Simila Appraisals Inc.

A professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value we come up with, but rather they depend on our efforts to complete the appraisal.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, obtaining a professional appraisal is a reliable 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 too long, costing you time and money.