Attention homeowners: Real estate appraisal services for in Oak Ridge and Morris County
The top seven reasons NJ homeowners call on Hoyt Appraisal, LLC:
Do you own a home in or near Oak Ridge? Do you need help determining the value of your real estate?
We at Hoyt Appraisal, LLC understand the individual needs of a customer in need of appraisal services. Our typical business clients get the appraisal process and the usual documents we provide. As our client, we'll be sure you get extra guidance and explanations through the appraisal process to understand what we do and how we document our findings.
For Sale By Owner/Pre-Listing Services
It's very hard to be objective about your home because you most likely have an emotional attachment to it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic price to sell at so your house will attract many interested buyers, a professional appraisal is very valuable as a negotiating tool once you have an interested buyer. The appraisal is something tangible to show the buyer. An appraisal is an independent third party's opinion of your home's price -- not just how much you think your home is worth. Interested buyers know that you have an emotional attachment to your house and will be far more likely to give credibility to an expert appraiser's value report than yours.
Appraisals to cancel PMI
A preferred way to cut costs for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan 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, which will make your monthly payments go down. At Hoyt Appraisal, LLC, we're experts in helping folks just like you remove unneeded and unwanted PMI insurance.
Challenge property tax assessments
Your local tax assessor may have your house overvalued if you live in an area that is going down. That only means you're paying more taxes than you should. Since your property assessment may likely go up again in the next period, the sooner you take care of things like this, the better off you'll be. When challenging your property tax assessment, getting a professional appraisal from Hoyt Appraisal, LLC is your best weapon.
Was your HELOC recently frozen?
If your house is in a declining area, your lender just may make the decision to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can this be difficult and inconvenient from a cash flow point of view, and bad for your credit score since it may appear as though that credit line is maxed out. Hoyt Appraisal, LLC can provide you with a professional appraisal to help you reinstate your home equity line of credit.
We Provide Field and Desktop Appraisal Review Services
Have you just gotten a copy of your appraisal and you'd like to have a seasoned professional double-check it for accuracy or do you need a second opinion without the charge and delay of waiting for a whole new appraisal? Hoyt Appraisal, LLC offers field reviews where we go out and check the subject and comparables. Or, if you need it in a rush, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.
Need a retrospective review of an appraisal? We can help with that too. While usually requested by banks, you may want to exercise this service if you suspect mortgage fraud related to your house.