Let KP Appraisals, Inc. serve your appraisal needsTo a lot of us, an appraisal is simply another fee on the settlement sheet for a home purchase or refinance. Even though there are an increasing number of automated home valuation methods that may seem more economical than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. Is securing a mortgage the only reason to get an appraisal? Are there other times when the services of a certified, independent real estate professional could be beneficial? Of course. 
Challenge your tax assessment in New York CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if prices have gone down in your area, you can challenge your assessment and save money. An appraisal from KP Appraisals, Inc. is your best evidence when building your case. We can assist you in appealing your tax assessment. Getting rid of your PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, KP Appraisals, Inc. will give you a statement regarding the value of your home. The price you paid for the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from KP Appraisals, Inc. Order todayDivorce settlement with less stressA divorce can be a very horrible experience for both parties, and it is often even more complicated by the strenuous decision of who keeps the house. It's a good idea to get an appraisal from KP Appraisals, Inc. 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 need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Determine an accurate and fair valuation for estate liquidationThe death of a loved one is a hard 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. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal. Relocate to or from New York County for workWe know the headaches involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection. Sell your home quickly — at the right priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report. On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, getting a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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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