Attention homeowners in Essex and Middlesex County: Need an appraisal?
Here are the top reasons MA homeowners call on Peabody Allied Appraisers:
Need help deciding the price of your home in or near Peabody, MA?
We at Peabody Allied Appraisers understand the special needs of a consumer in need of appraisal services. Our business practices and reporting formats are relatively routine to our business clients like lenders, lawyers, and accountants. Being a homeowner that ordinarily doesn't look at appraisals on a regular basis,you will receive extra guidance and explanations through the appraisal process to more clearly understand what we do and how we present our conclusions.
Pre-listing Services/For Sale By Owner
Since you have an emotional attachment to your home, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is very crucial as a negotiating tool once you have a potential buyer, in addition to helping you set a realistic price to sell at so your house will attract interested buyers. It gives you something tangible to show your buyer. It's an independent third party's opinion of your home's price, and not just you saying how much you think your home is worth. Potential buyers assume that you have an emotional attachment to your home and will be much more likely to give credibility to a seasoned appraiser's value assessment than yours.
PMI Removal Appraisals
PMI stands for Private Mortgage Insurance. An attractive way to cut expenses for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan amount is down below 80% of the value of your property. In most cases you can apply to your lender to have the PMI removed from your loan. We're seasoned in helping people just like you rid themselves of unnecessary PMI insurance.
Challenging property tax assessments
If you live in a local area that is going down or is not appreciating as much as other houses nearby, your local tax assessor may have your house overvalued. That means you are paying more taxes than you should. The quicker 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 expert appraisal from Peabody Allied Appraisers is your best weapon.
HELOC recently frozen?
If your home is close to a declining area, your lender just might choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can this be unsuitable from a cash flow viewpoint, and destructive to your credit score since it may appear as though that credit line is maxed out. Peabody Allied Appraisers can help you reinstate your home equity line of credit with efficient appraisal.
We Offer Field and Desktop Appraisal Review Services
Have you just been handed a copy of your appraisal and you'd prefer to have a seasoned expert double-check it for accuracy or do you want a second opinion without the added expense and delay of waiting for a whole new appraisal? Peabody Allied Appraisers offers field reviews where we'll go out and check the subject and comparables in question. If you're in a rush, we'll provide you with a 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 usually requested by banks, you may wish to make use of this service if you suspect mortgage fraud related to your property.