Let Queens Appraisal Services handle your appraisal needs

Each year, thousands of people in New York purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. While there are a developing number of automated home valuation systems that might seem less expensive than an appraisal, most lenders still call for a local expert because the stakes are very high. You might believe that obtaining 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 be beneficial.

Let Sam Realty Group & Appraisals Llc help you lower your mortgage payment

Contest your tax assessment

If you are in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in appealing your tax assessment.

Removing PMI for mortgage payments

When the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, most lenders ask home owners to take out this added insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is bundled into the monthly mortgage payment and is quickly 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 United States Congress invoked 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 do away with PMI, QUEENS APPRAISAL SERVICES can give you a statement regarding the value of your home. The expense of the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.

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Ascertain a fair and accurate valuation for estate liquidation

Losing 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 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 handle these issues, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Queens Nassau Counties for work

We know the headaches associated with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our intensive inspection.

Close on your home promptly — at an accurate price

A professional appraisal can help you make a more informed decision regarding 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 are based on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, getting 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 an unnecessarily long time.

Let Sam Realty Group & Appraisals Llc help you sell your home quickly at the right price