Ordering an appraisal from New England Appraisal

Thousands of people in Massachusetts purchase, sell or refinance their home every year. A lot of these transactions include a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that may seem more cost-effective than an appraisal. But is obtaining a mortgage the only reason you should get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional could come in handy? Of course.


	If you're planning on any transaction where the value of your real estate is a factor, contact New England Appraisal. Just click here.

Let New England Appraisal help you dispute your tax assessment in Middlesex County

It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if values have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from New England Appraisal is your best evidence. At New England Appraisal, we're capable of assisting you in challenging your tax assessment.

Removing PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. This extra payment is often folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

New England Appraisal can produce a statement regarding the value of your home, and the cost of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the troublesome decision of who keeps the property, and it can be a particularly traumatic occurrence for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from New England Appraisal so both parties are entirely aware of the true market value of their property.

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

Fair and accurate 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. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocating to or from Middlesex County

Employee relocation is a real painWe know where you're coming from. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide input on the positive features of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.

Let New England Appraisal help you sell your home quickly at the right price

A professional appraisal will 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. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't contingent upon the value we come up with, but rather they are calculated on our efforts to complete the appraisal.

On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, seeking 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 too long, costing you time and money.