Appraisal services for Suffolk and Nassau County homeowners
The top 7 reasons NY homeowners need Gregory Olivotti:
Do you own a home in Suffolk or Nassau County ? Do you need help determining the value of your real estate?
I understand the individual needs of a consumer in need of appraisal services. While typical business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For Sale by Owner (FSBO)/Pre-Listing Services
Since you have an emotional attachment to your own home, it's often very hard to be objective about it. A professional appraiser must be objective. I won't just tell you what you want to hear, I will tell you what you need to know. In addition to helping, you set a realistic selling price so your house will attract buyers, a professional appraisal is very valuable as a negotiating tool once you have an interested buyer. It gives you something tangible to show the buyer. It's an independent third party's opinion of your home's value, and not just how much your home is worth. Interested buyers know that you have an emotional attachment to your house and will be much more likely to give credibility to a qualified appraiser's value opinion than yours.
Need to remove PMI?
Getting the PMI (Private Mortgage Insurance) eliminated from your mortgage loan is an attractive money saver for homeowners. Your monthly payments will go down once your mortgage loan is down below 80% of the value of your property. In most cases you can apply to your lender to have the PMI eliminated from your loan. I'm experienced in helping customers just like you rid themselves of unwanted PMI insurance.
Challenging property tax assessments
If you live in a region that is declining or is not appreciating as much as other homes nearby, your local tax assessor may have your house overvalued. This only means you're going to pay higher taxes than you should be paying. The earlier you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. When contesting your property tax assessment, getting an expert appraisal is your chief weapon.
Was your HELOC recently frozen?
Your lender may just decide to automatically freeze your home equity line of credit (HELOC) if your property is near a declining area -- even if your specific property has not declined in value. This can be difficult and inconvenient from a cash flow point of view, and negative on your credit score since it may appear as though that credit line is maxed out. You can reinstate your home equity line of credit with a professional appraisal.
Do You Need Field and Desktop Appraisal Review Services?
Do you need an expert to double-check your appraisal for precision, or do you desire a second opinion without the added cost and delay of waiting for a whole new appraisal? Gregory offers field reviews where we go out and check the subject and comps in question. Or, if you need it in a rush, I 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? I can assist you. Even though this is usually requested by banks, you may want to exercise this service if you suspect mortgage fraud related to your house.