Plaza Appraisals, LLC in Brick perform appraisals for a variety of clients

To a lot of people, an appraisal just looks like a line item on the break-sheet for a home purchase or refinance. Practically all lenders still call for a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation systems that may appear cheaper than an appraisal. But is securing a mortgage the only reason you should get an appraisal? Are there more times when the services of a certified, independent real estate professional might come in handy? You bet.


	For real estate appraisals in Brick and Ocean County, it's easiest when your order online from Plaza Appraisals, LLC, just click here.

Challenge your tax assessment in Ocean County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your real estate, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. An appraisal from Plaza Appraisals, LLC is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.

Getting rid of your PMI will lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the home, many lenders ask home owners to purchase an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, Plaza Appraisals, LLC can produce a statement regarding the value of your home. The expense of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the burdensome decision of who gets the property, and it can be an especially heartbreaking occurrence for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from Plaza Appraisals, LLC, regardless of the circumstances.

If the parties need 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 received a fair assessment.

Fair and accurate estate liquidation with Plaza Appraisals, LLCSettling an estate

The death of 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, ensuring the fullest degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocating to or from Ocean County

We know the stress involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered during our thorough process.

Don't sell out for too little or let your home stay on the market too long.

Whether you decide 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. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. The price we charge isn't contingent upon the value opinion we render, but rather they are calculated on our efforts to complete the appraisal.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, seeking a professional appraisal is a trusted way to decide what improvements will add value and what an applicable 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.