Why you should hire an appraiserYear 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. Most lenders still want a local expert because the stakes are so high, even though there are an increasing number of automated home valuation methods that may seem more prudent than an appraisal. Is getting a mortgage the only reason to acquire an appraisal? Are there also times when the services of a licensed, independent real estate professional could come in handy? Of course. 
Contest your tax assessmentIt's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment. PMI removal to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, many lenders ask home buyers to buy this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires 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, DMP Appraisal Services, Inc. can provide you with a statement regarding the value of your home. The expense of the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI. Order an appraisal from DMP Appraisal Services, Inc. Order todaySettle a divorce with less stressA divorce is a particularly traumatic experience for the parties involved, and it is often further complicated by the difficult decision of who gets the property. Regardless of the circumstances, it's a good idea to order an appraisal from DMP Appraisal Services, Inc. so both parties are fully aware of the true market value of their home. 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. Fair and accurate estate liquidationThe 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 Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion. Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. 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 vital importance to ensuring disputing parties leave knowing they've gotten an honest deal. Relocate to or from Orange County for workEmployee relocation is a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered. Close on your home quickly — at the right priceA professional appraisal can help you make a better educated decision when determining your selling price, whether you want 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 price the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report. On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesstay on the market. So, obtaining a professional appraisal is a reliable way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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