Why would you need an appraisal from Alliance Appraisal Services?

Thousands of people in New York purchase, sell or refinance their home each year. Many of these transactions include a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation systems that may appear to be less expensive than an appraisal, the majority of lenders still call for a local expert because the stakes are very high. But is obtaining a mortgage the only reason to get an appraisal? Are there more instances when the services of a licensed, independent real estate professional might come in handy? Of course.

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Let Alliance Appraisal Services help you challenge your tax assessment in Rockland County

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Alliance Appraisal Services is your best evidence when building your case. We're capable of assisting you in challenging your tax assessment.

Let Alliance Appraisal Services help you get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that most lenders ask homeowners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is bad because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with 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, Alliance Appraisal Services can provide you with a statement regarding the value of your home. The cost of the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is often complicated by the challenging decision of who gets the property, and it can be an especially heartbreaking event for both parties. Regardless of the circumstances, it's wise to order an appraisal from Alliance Appraisal Services so both parties are entirely aware of the true market value of their house.

If the parties want to sell the home, they'll have a better 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 gotten a fair evaluation.

Settling an estate with peace of mind

Losing 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 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 manage these affairs. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Alliance Appraisal Services can assist you in relocating to or from Rockland County

Moving due to a job change can be a more than just an inconvenience. We know where you're coming from. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.

Sell your home quickly at the right price

A professional appraisal will help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike 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 report, but rather they rest on our efforts to complete the appraisal.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, seeking a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market too long, costing you hassle and money.