Getting an appraisal from R&B Residential Appraisals

Thousands of people in New York buy, sell or refinance their home every month. A lot of these transactions include a simple line item for an appraisal. And even though there are a growing number of automated home valuation methods that may seem less expensive than an appraisal, nearly all lenders still need a local expert because the stakes are very high. But is securing a mortgage the only reason you should get an appraisal? Are there also times when the services of a certified, independent real estate professional might be beneficial? You bet.

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Let R&B Residential Appraisals help you dispute your tax assessment in Onondaga County

It's probable 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 house, so if values have gone down in your neighborhood, you can challenge your assessment and save money. An appraisal from R&B Residential Appraisals is your best evidence when building your case. At R&B Residential Appraisals,we can assist you in disputing your tax assessment.

R&B Residential Appraisals can help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, nearly all lenders ask home owners to take out an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.

R&B Residential Appraisals can give you a statement regarding the value of your home, and the cost of the home valuation can generally be offset in little time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce can be a particularly traumatic ordeal for both parties, and it is often further complicated by the hard decision of who gets the house. Regardless of the circumstances, it's a good idea to order an appraisal from R&B Residential Appraisals so both parties are entirely aware of the true market value of their property.

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 gotten a fair assessment.

Accurate and fair estate liquidation with help from R&B Residential AppraisalsSettling an estate

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up an uneven share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.

R&B Residential Appraisals can assist you in relocating to or from Onondaga County

We know the stress involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information about any new sales or listings in their area that they want considered during our detailed process.

Don't sell out short or keep your home on the market too long.

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties stay on the market. So, getting 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.