Why you should order an appraisalTo a lot of people, an appraisal just looks like another cost on the settlement sheet for a home purchase or refinance. While there are a budding number of automated home valuation processes that might seem more prudent than an appraisal, most lenders still call for a local expert because the stakes are so high. Is obtaining a mortgage the only reason to get an appraisal? Are there additional instances when the services of a certified, independent real estate professional could be beneficial? You bet there are. 
Dispute your tax assessment in Bergen CountyIf you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Duncan Appraisals is your best evidence when building your case. At Duncan Appraisals, we're qualified to assist you in appealing your tax assessment. Getting rid of your PMI for mortgage paymentsWhen the amount being loaned to the home owneris more than 80% of the actual value of the home, many lenders ask home buyers to purchase this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met. Duncan Appraisals will give you a statement regarding the value of your home, and the price you paid for the home valuation can often be offset in little time because you'll no longer be paying the PMI. Order an appraisal from Duncan Appraisals Order todayDivorce settlement with less stressA divorce is often complicated by the troublesome decision of who gets the house, and it can be an especially traumatic ordeal for both parties. It's a good idea to order an appraisal from Duncan Appraisals so both parties are fully aware of the true market value of their property, regardless of the situation. The parties will have a better idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Accurate and fair estate liquidationThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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 highest degree of discretion. Most Americans do not have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal. Move to or from Bergen County through an employee relocation programEmployee relocation is a stressful event, and we understand. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide remarks on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered. Sell your home promptly — at an accurate priceWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price. On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, getting 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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