Attention homeowners in Colts Neck and Monmouth County: Need an appraisal?
Check out the top seven reasons why NJ homeowners hire Ellis Real Estate Services Inc:
Own a home in or near Colts Neck, NJ and need help determining the value of it?
At Ellis Real Estate Services Inc, we understand the individual needs of a homeowner seeking appraisal services. While our usual business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For-Sale-By-Owner (FSBO) / Pre-Listing Services
Since you have an emotional attachment to your home, it's often very hard to be objective about it. Our professional appraisers at Ellis Real Estate Services Inc are objective. We won't just tell you what you want to hear, we'll tell you what you need to know. In addition to helping you set a realistic selling price so your house will attract many interested buyers, a professional appraisal is a very important negotiating tool once you have an attainable buyer. It's something tangible to show the buyer. The appraisal is an independent third party's opinion of your house's value, not just you saying how much your home is worth. Potential buyers assume that you have an emotional attachment to your house and will be more likely to give credibility to an experienced appraiser's value report than yours.
Appraisals to cancel PMI
A preferred way to cut costs for homeowners is getting the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan is below 80% of the value of your property. In most cases you can apply to a lender to have the PMI canceled from your loan. We are experts in helping clients just like you rid themselves of unneeded PMI insurance.
Challenging property tax assessments
Your local tax assessor may have your home overvalued if your home not appreciating as much as other properties close to yours. That only means you're probably paying more taxes than you should. Since your property assessment may likely go up again in the next period, the earlier you take care of a matter like this, the better. When contesting your property tax assessment, getting a professional appraisal from Ellis Real Estate Services Inc is your strongest weapon.
Was your HELOC recently frozen?
Even if your specific property has not declined in value, your lender might make the decision to automatically freeze your home equity line of credit (HELOC) if your home is close to a declining area. Not only can this be unsuitable from a cash flow viewpoint, but it can be negative on your credit score since it may appear as though that credit line is maxed out. Ellis Real Estate Services Inc can help you reinstate your HELOC.
Field and Desktop Appraisal Review Services
Would you wish a second opinion without the added cost and delay of waiting for a whole new appraisal? Or do you desire a professional to double-check your appraisal for efficiency? An appraiser from Ellis Real Estate Services Inc can go out and check the subject and comps in question in a field review. Or, if you're in a hurry, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.
We can also provide a retrospective review of any appraisal you may have in your possession. While typically requested by banks, you may wish to utilize this service if you suspect mortgage fraud related to your home.