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6 Reasons to consider an appraisal from JAMES HENRY CRUPI LLC.

To many, an appraisal just looks like another fee on the settlement sheet for a mortgage or refinance. Almost all lenders still want a local expert because the stakes are so high, even though there are a budding number of automated home valuation methods that may seem less expensive than an appraisal. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are other cases when the services of a certified, independent real estate professional could come in handy.

Let JAMES HENRY CRUPI LLC. help you lower your mortgage payment

Dispute your tax assessment in Monmouth County

It's probable 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 real estate, so if values have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in challenging your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the buyeris more than 80% of the actual value of the property, nearly all lenders ask buyers to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped 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 - decreases below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, JAMES HENRY CRUPI LLC. can give you a statement regarding the value of your home. The cost of the appraisal can generally 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 take make a divorce settlement less stressful

A divorce is often complicated by the hard decision of who gets the property, and it can be a very traumatic event for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from JAMES HENRY CRUPI LLC., regardless of the circumstances.

The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

The 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 Fair Market Value for the real estate involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Move to or from Monmouth County for work

Employee relocation can be a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.

Close on your home quickly — for an accurate price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, getting 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 an unnecessarily long time.

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