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Why you should order an appraisal

To a lot of people, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. Practically all lenders still call for a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may appear more practical than an appraisal. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are other cases when the services of a licensed, independent real estate professional could come in handy.

Let JAMES HENRY CRUPI LLC. assist you in lowering your mortgage payment

Contest your tax assessment

It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your house, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from JAMES HENRY CRUPI LLC. is your best evidence when building your case. We can assist you in challenging your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, many lenders ask homeowners to purchase this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, 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 dismiss the PMI payments when the loan-to-value ratio conditions have been met.

JAMES HENRY CRUPI LLC. can give you a statement regarding the value of your home, and the cost of the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is a very traumatic ordeal for the parties involved, and it is often even more complicated by the strenuous decision of who gets the home. It's a good idea to get an appraisal from JAMES HENRY CRUPI LLC. so both parties are completely aware of the true market value of their home, regardless of the situation.

If the parties want to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Ascertain a fair and accurate valuation for estate liquidation

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

Most Americans do not have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Move to or from Monmouth County through an employee relocation program

We are familiar with the stress involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide input on the positive features of their property, along with information about any new sales or listings in their area that they want considered.

Sell your home promptly — at the right price

A professional appraisal can help you make a more informed decision when determining your selling 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 amount the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to determine 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 an unnecessarily long time, because we're experts in knowing how long homes stay on the market.

Let JAMES HENRY CRUPI LLC. assist you in selling your home quickly at the right price