Why get an appraisal from Gateway Apprasials Ltd.?

Every year, thousands of people in New York purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are so high, even though there are an increasing number of automated home valuation methods that might appear to be more prudent than an appraisal. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are additional cases when the services of a licensed, independent real estate professional could come in handy.


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Challenge your tax assessment in Nassau County

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Gateway Apprasials Ltd. is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.

Let Gateway Apprasials Ltd. assist you in lowering your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the property, nearly all lenders ask home buyers to take out an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Gateway Apprasials Ltd. can produce a statement regarding the value of your home, and the cost of the appraisal can generally be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the burdensome decision of who keeps the home, and it can be a particularly heartbreaking ordeal for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from Gateway Apprasials Ltd., regardless of the circumstances.

If the parties wish 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.

Fair and accurate estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. We guarantee 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. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.

Gateway Apprasials Ltd. can help you with relocating to or from Nassau County

We are familiar with the headaches associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide feedback on the positive aspects of their property, along with information about any current sales or listings in their neighborhood that they want considered.

Sell your home quickly at the right price

A professional appraisal can help you make a better educated decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, 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 too long, costing you time and money.