Why you should hire an appraiser
Year after year, thousands of people in New Jersey buy, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal.
Even though there are a multiplying number of automated home valuation processes that might appear more cost-effective than an appraisal, most lenders still need a local expert because the stakes are incredibly high.
You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are other cases when the services of a licensed, independent real estate professional could be helpful.
When you're planning on any transaction where the likely sales price of your real estate is a factor, just contact Sopko Associates, L.L.C.. Just click here
Challenge your tax assessment in Somerset County
If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes.
When building your case, an appraisal from Sopko Associates, L.L.C. is your best evidence.
At Sopko Associates, L.L.C.,we can assist you in challenging your tax assessment.
Let Sopko Associates, L.L.C. help you lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property.
Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten.
PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable.
In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
Sopko Associates, L.L.C. will give you a statement regarding the value of your home, and the cost of the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Sopko Associates, L.L.C.
A divorce is an especially daunting event for the parties involved, and it is often more complicated by the challenging decision of who maintains the house.
So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from Sopko Associates, L.L.C., regardless of the situation.
If the parties want to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mind
The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved.
We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these issues.
And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the certain value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocating to or from Somerset County?
Moving due to a job change can be a stressful event, and we understand.
That being said, we take great care in organizing 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 current sales or listings in their area that they want considered during our thorough process.
Let Sopko Associates, L.L.C. help you sell your home quickly at the right price
A professional appraisal will help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent.
An appraiser has no vested interest in what amount the house sells for, unlike real estate agents.
Our fees are derived from our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make.
Seeking a professional appraisal is a reliable way to decide 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 - because we're experts in knowing how long homes are one the market.
Bruce G. Sopko Associates, L.L.C. 72 Red Mill Road Glen Gardner, NJ 08826
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