Tortorella Appraisals, Inc. in Kingston perform appraisals for a variety of reasonsTo many, an appraisal is simply one more thing on the settlement sheet for a home purchase or refinance. And even though there are an increasing number of automated home valuation systems that might seem cheaper than an appraisal, practically all lenders still want a local expert because the stakes are very high. You might believe that securing a mortgage is the only reason to get an appraisal, but there are other cases when the services of a licensed, independent real estate professional might come in handy.
Let Tortorella Appraisals, Inc. help you dispute your tax assessment in Ulster CountyIt's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your house, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from Tortorella Appraisals, Inc. is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment.
Tortorella Appraisals, Inc. can help you do away with PMI to lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the real estate, many lenders ask home buyers to buy an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this added payment is lumped into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. 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.
Tortorella Appraisals, Inc. can provide you with a statement regarding the value of your home, and the cost of the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a very traumatic experience for both parties, and it is often further complicated by the troublesome decision of who maintains the home. Regardless of the situation, it's wise to order an appraisal from Tortorella Appraisals, Inc. so both parties are fully aware of the true market value of their property.
The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Trustworthy estate liquidationThe loss of a loved one is a difficult 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 utmost degree of discretion.
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Tortorella Appraisals, Inc. can help you with relocating to or from Ulster CountyEmployee relocation can be a stressful event. We know where you're coming from! That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide input on the positive attributes of their property, as well as information about any new sales or listings in their neighborhood that they want considered.
Selling your home quickly at the right price with an appraisal from Tortorella Appraisals, Inc.Whether you decide 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 when determining your selling price. With much different interests than 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 complete the appraisal report and and aren't related to the sales price.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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 houses stay on the market.