Why you should order an appraisal from David Lecomte Appraisals (732) 614-0690Every year, thousands of people in New Jersey purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that might appear to be more cost-effective than an appraisal. You might think that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could come in handy. 
Remove PMI to lower your mortgage paymentWhen the amount being loaned to the home owneris more than 80% of the actual value of the real estate, many lenders ask home owners to purchase this added insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, David Lecomte Appraisals (732) 614-0690 can provide you with a statement regarding the value of your home. The expense of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI. Order your appraisal from David Lecomte Appraisals (732) 614-0690 today Order onlineDivorce settlement with fewer hang-upsA divorce is an especially horrible event for the parties involved, and it is often more complicated by the troublesome decision of who gets the property. Regardless of the circumstances, it's a good idea to get an appraisal from David Lecomte Appraisals (732) 614-0690 so both parties are entirely aware of the true market value of their house. 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 gotten 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 calls for an appraisal to establish Fair Market Value for the real estate involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. A home or other property often makes up an uneven 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 walk away knowing they've gotten a fair deal. Close on your home quickly — for the right priceA professional appraisal can help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price. 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 are on the market. So, getting a professional appraisal is a trusted 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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