Why order an appraisal from DMP Appraisals?

Thousands of people in New York purchase, sell or refinance their home every year. Most of these transactions contain a simple line item for an appraisal. The majority of lenders still need a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that may appear more practical than an appraisal. But is securing a mortgage the only reason to get an appraisal? Are there also cases when the services of a certified, independent real estate professional might be helpful? Of course.

When you're planning on any transaction where the likely sales price of your property is in question, just contact DMP Appraisals. Just click here

Let DMP Appraisals help you appeal your tax assessment in Dutchess County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a previous assessment of your house, so if values have gone down in your neighborhood, you can challenge your assessment and save money. An appraisal from DMP Appraisals is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.

Let DMP Appraisals help you eliminate PMI to lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the property, many lenders ask homebuyers to take out an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. This is bad because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, DMP Appraisals can give you a statement regarding the value of your home. The cost of the home valuation can generally be regained in a short amount of time because you'll no longer be paying the PMI.

An appraisal from DMP Appraisals will help you settle a divorce with less stress

A divorce is a very traumatic ordeal for the parties involved, and it is often further complicated by the troublesome decision of who maintains the house. Regardless of the situation, it's wise to order an appraisal from DMP Appraisals so both parties are fully aware of the true market value of their property.

If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Settling an estate with peace of mind

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We ensure 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 don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Let DMP Appraisals assist you in relocating to or from Dutchess County

Moving due to a job change can be a more than just an inconvenience. We know where you're coming from. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information regarding any current sales or listings in their area that they want considered during our thorough process.

Sell your home quickly at the right price with an appraisal from DMP Appraisals

Whether you decide 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 when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. 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 - because we're experts in knowing how long properties stay on the market.