Let Shattuck Appraisal handle your appraisalYear after year, thousands of people in New York purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. While there are a developing number of automated home valuation methods that might appear more prudent than an appraisal, the majority of lenders still want a local expert because the stakes are so high. You might believe that getting a mortgage is the only reason to get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional might come in handy.
Let Shattuck Appraisal help you challenge your tax assessment in Albany, Schenectady, Saratoga, Rennselaer, Warren and Washington Counties with some Northern Greene and Columbia Counties.If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Shattuck Appraisal is your best evidence. At Shattuck Appraisal,we can assist you in appealing your tax assessment.
Let Shattuck Appraisal help you lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the home, nearly all lenders ask home owners to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. This is damaging because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Shattuck Appraisal will produce a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the strenuous decision of who keeps the property, and it can be an especially traumatic occurrence for both parties. It's a good idea to get an appraisal from Shattuck Appraisal so both parties are completely aware of the true market value of their home, regardless of the circumstances.
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 received a fair assessment.
Accurate and fair estate liquidation with help from Shattuck Appraisal Settling an estateThe loss of 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 maximum degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these issues, unlike wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the absolute value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Shattuck Appraisal can help you with relocating to or from Albany, Schenectady, Saratoga, Rennselaer and Washington CountiesMoving due to a job change can be a real pain, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information about any current sales or listings in their area that they want considered during our thorough process.
Sell your home quickly at the right priceA professional appraisal can help you make a more informed decision when determining your asking price, whether you want to sell your home on your own or with the help 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 report, but rather they are based on our efforts to finish the appraisal.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, obtaining 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.