Why you should get an appraisal

Thousands of people in New Jersey buy, sell or refinance their home each month. A lot of these transactions consist of a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that may seem more economical than an appraisal. But is obtaining a mortgage the only basis for getting an appraisal? Are there additional situations when the services of a licensed, independent real estate professional could come in handy? Absolutely.


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Appeal your tax assessment in Camden County

If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Firt Jersey & Main Street Appraisal Goup,LLC is your best evidence. At Firt Jersey & Main Street Appraisal Goup,LLC,we can assist you in disputing your tax assessment.

Let First Jersey & Main Street Appraisal Goup,LLC help you lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask homeowners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This extra payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

Firt Jersey & Main Street Appraisal Goup,LLC can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in little time because you'll no longer be paying the PMI.

An appraisal from First Jersey & Main Street Appraisal Goup,LLC will help you settle a divorce with less stress

A divorce is a very daunting experience for the parties involved, and it is often further complicated by the hard decision of who maintains the property. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Firt Jersey & Main Street Appraisal Goup,LLC, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they wish 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 assessment.

Fair and accurate estate liquidation with help from First Jersey & Main Street Appraisal Goup,LLC Settling an estate

Losing 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 highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these issues, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the precise value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

First Jersey & Main Street Appraisal Goup,LLC can assist you in relocating to or from New Jersey.

Moving due to a job change is a stressful event, and we understand. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our intensive process.

Selling your home quickly at the right price

A professional appraisal will help you make a more informed decision regarding your selling price, whether you want 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 depend on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to determine 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 an unnecessarily long time - because we're experts in knowing how long properties are one the market.