Attention homeowners: Real estate appraisal services for in Millburn and Essex County

The top seven reasons why New Jersey homeowners hire The Appraisal Source:

Find the right listing price (whether you're using an agent or selling the home on your own)
Challenge a property tax assessment
To lower their mortgage payments by removing PMI
To reinstate your Home Equity Line of Credit (or HELOC)
To review a different appraiser's report for verification
In the case of a divorce in the state of New Jersey, when real estate property needs to be divided
To determine the true market value of a property to settle an estate in Essex county or New Jersey


	Do you own a house in or near Millburn? Do you need help determining the price of your real estate? Contact The Appraisal Source.

At The Appraisal Source, we understand the individual needs of a consumer looking for appraisal services. Our usual business clients are used to the appraisal process and the usual documents we provide. But as a general consumer, we will provide you with extra guidance and explanations through the appraisal process to understand what we do and how we present our findings.

For Sale by Owner (FSBO)/Pre-Listing Services

It's very hard to be objective about your home because of your emotional attachment to it. Professional appraisers, like the ones at The Appraisal Source, are objective. We will tell you what you need to know, not just what you want to hear. A professional appraisal is a very important negotiating tool once you have an attainable buyer, in addition to helping you set a realistic price to sell at so your property will attract buyers. It gives you something tangible to show the buyer. An appraisal is an independent third party's opinion of your home's value -- not just how much you think your home is worth. Potential buyers assume that you have an emotional attachment to your home and will be far more likely to give credibility to an experienced appraiser's value conclusion than yours.

Challenge Tax Assessment

Your local tax assessor may have your home overvalued if you live in a region that is going down or not appreciating as much as other homes nearby. This only means you're going to pay higher taxes than you should be paying. The faster you take care of a matter like this, the better, since your property assessment may likely go up again in the next period. Getting an expert appraisal from The Appraisal Source is your chief weapon when challenging your property tax assessment.

Appraisals to remove PMI

Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is a preferred way to cut expenses for homeowners. Once your mortgage loan amount is below 80% of the value of your house, in most cases you can apply to the lender to have the PMI eliminated from your loan, which will make your monthly payments go down. The Appraisal Source is seasoned in helping clients just like you get rid of unnecessary PMI insurance.

HELOC recently frozen?

Your lender may just decide to automatically freeze your home equity line of credit (HELOC) if your property is close to a declining area -- even if your specific property has not declined in value. This can be difficult from a cash flow viewpoint, and destructive to your credit score since it may appear as though that credit line is maxed out. The Appraisal Source can help you reinstate your home equity line of credit with a professional appraisal.

Field and Desktop Appraisal Review Services

Have you just been given a copy of your appraisal and you would wish to have a seasoned professional double-check it for precision or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? The Appraisal Source offers field reviews where we go out and check the subject and comps in question. Or, if you're in a hurry, 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.

Do you need a retrospective review of an appraisal report? The Appraisal Source can help you with that. While typically requested by banks, you may wish to utilize this service if you suspect mortgage fraud related to your property.