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Attention homeowners in Middle Village and Queens County: Need an appraisal?
The top seven reasons New York homeowners need Stanley Michael & Associates:
- Get a pre-listing appraisal (whether you're using a real estate agent or selling the home on your own)
- To challenge a property tax assessment in New York
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To lower a mortgage payments by removing PMI
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Reinstate your Home Equity Line of Credit (HELOC)
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Verify a different appraiser's report
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If real estate needs to be divided because of a divorce
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Settle an estate in New York by determining the true market value of real estate
At Stanley Michael & Associates, we understand the individual needs of a homeowner in need of appraisal services.
While our typical 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/Pre-Listing Services
Since you have an emotional attachment to your own house, it's often very hard to be objective about it.
Professional appraisers, like the ones at Stanley Michael & Associates, are objective. We will tell you what you need to know, not just what you want to hear.
In addition to helping you set a realistic selling price so your property will attract many interested buyers, a professional appraisal is a crucial negotiating tool once you have an attainable buyer.
It's something concrete to show the buyer.
An appraisal is an independent third party's opinion of your property's value -- not just how much you think your home is worth.
Potential buyers know that you have an emotional attachment to your home and will be much more likely to give credibility to a qualified appraiser's value opinion than yours.
Challenge a property tax assessment
Your local tax assessor may have your home overvalued if you live in a region that's going down.
That means you're most likely paying more taxes than you should.
The sooner you take care of things like this, the better, since your property assessment may likely go up again in the next period.
When challenging your property tax assessment, getting an appraisal report from Stanley Michael & Associates is your strongest weapon.
PMI Removal Appraisals
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 amount is below 80% of the value of your home. In most cases you can apply to your lender to have the PMI removed from your loan.
Stanley Michael & Associates is qualified in helping clients just like you get rid of undesirable PMI insurance.
Recently got a freeze to your HELOC?
Even if your specific property has not declined in value, your lender might just make the decision to automatically freeze your home equity line of credit (HELOC) if your property is in a declining area.
This can be inopportune from a cash flow viewpoint, and negative on your credit score since it may appear as though that credit line is maxed out.
Stanley Michael & Associates can help you reinstate your HELOC.
We Provide Field and Desktop Appraisal Review Services
Do you need a seasoned expert to double-check your appraisal for efficiency, or do you desire a second opinion without the charge and delay of waiting for a whole new appraisal?
We can go out and check the subject and comps in question in a field review.
If you're in a hurry, we'll provide desk review and verify as many facts as we can, using online data sources as well as our own files.
Do you need a retrospective review of an appraisal report? Stanley Michael & Associates can help you with that.
While usually requested by banks, you may want to use this service if you suspect mortgage fraud related to your house.
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