Real estate appraisal services for New York homeowners
Why New York homeowners call on New York Appraisers:
- Pre-listing appraisals (whether you’re using a real estate agent or selling the home on your own)
- Challenge County’s assessment of your property value
- Remove PMI to cut their mortgage payments
- Reinstate their Home Equity Line of Credit (HELOC)
- To review another appraiser’s report for verification
- If real estate property needs to be divided because of a divorce
- Settle an estate in New York by determining the true market value of real estate
If you own a home in or near Saratoga Springs, Albany, The Greater Capital Region or anywhere in New York and you need help determining the value: Contact New York Appraisers.
We at New York Appraisers understand the special needs of a customer seeking appraisal services. While our typical clients understand the appraisal process and standard reporting formats, you as a consumer will get an extra level of customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For Sale by Owner/Pre-Listing Appraisal Services
Since you have an emotional attachment to your house, it’s often very hard to be objective about it. The professional appraisers at New York Appraisers will tell you what you need to know — not just what you want to hear. We are objective. A professional appraisal is very crucial as a negotiating tool once you have a potential buyer, in addition to helping you set a realistic selling price so your house will attract buyers. It gives you something tangible to show the buyer. The appraisal is an independent third party’s opinion of your property’s value, not just you saying how much you think your house is worth. Potential buyers know you have an emotional attachment to your house and will be more likely to give credibility to an expert appraiser’s value estimation than yours.
Challenging Property Tax Assessments
Your local tax assessor may have your home overvalued if you live in an area that’s declining. This only means you’re paying higher taxes than you should be paying. The sooner you take care of a matter like this, the better, since your property assessment may likely go up again in the next period. When challenging your property tax assessment, getting an appraisal report from New York Appraisers is your perfect weapon.
Appraisals to cancel PMI
PMI stands for Private Mortgage Insurance. An attractive way to cut costs for homeowners is getting the PMI removed from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan is below 80% of the value of your home, in most cases you can apply to a lender to have the PMI removed from your loan, which will make your monthly payments go down. At New York Appraisers, we’re experienced in helping homeowners just like you rid yourselves of undesirable PMI insurance.
Was your HELOC recently frozen?
If your home is close to a declining area, your lender just may choose to automatically freeze your home equity line of credit (HELOC) – even if your specific property has not declined in value. This can be difficult from a cash flow angle, and harmful to your credit score since it may appear as though that credit line is maxed out. New York Appraisers can provide you with an expert appraisal that will help you reinstate your HELOC.
We Also Provide Field and Desktop Appraisal Review Services
Have you just gotten a copy of your appraisal and you’d like to have a seasoned expert double-check it for verity or do you want a second opinion without the added expense and delay of waiting for a whole new appraisal? In a field review we’ll go out and check the subject and comparables. If you’re in a rush, we’ll provide desk review and verify as many facts as we can, using online data sources as well as our own files.
We can also provide a retrospective review of any appraisal you may have had done before. Even though most review work is commissioned by lenders, homeowners suspecting a prior appraisal wasn’t above board are prudent to invest in a second opinion.