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Reasons someone would call Robert B. Leger, Appraisal

Every year, thousands of people in New Jersey purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. The majority of lenders still call in a local expert because the stakes are very high, even though there are a developing number of automated home valuation systems that may seem cheaper than an appraisal. But is securing a mortgage the only reason to get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional could be helpful? Absolutely.

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Let Robert B. Leger, Appraisal help you dispute your tax assessment in Somerset County

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Robert B. Leger, Appraisal is your best evidence when building your case. At Robert B. Leger, Appraisal, we're capable of assisting you in challenging your tax assessment.

How can you do away with PMI to lower your mortgage payment?

Private Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. This additional payment is often lumped 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 - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Robert B. Leger, Appraisal can produce a statement regarding the value of your home. The price you paid for the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is often complicated by the challenging decision of who maintains the property, and it can be an especially traumatic experience for both parties. Regardless of the situation, it's a good idea to order an appraisal from Robert B. Leger, Appraisal so both parties are fully aware of the true market value of their house.

If the parties need to sell the home, they'll have a a good 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.

Settling an estate with peace of mind

The loss of a loved one is a painful 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).

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.

Let Robert B. Leger, Appraisal help you with relocating to or from Somerset County

Moving due to a job change can be a more than just an inconvenienceWe know where you're coming from! That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide input on the positive attributes of their property, as well as information about any current sales or listings in their area that they want considered.

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

A professional appraisal will help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to perform the appraisal report and and aren't related to the sales price.

We determine 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 properties stay on the market. So, seeking a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market for an extended amount of time.