Pinelands Home Appraisals New Jersey
House Appraisal, Estate Appraisal, Home Appraisers
Private Mortgage Insurance (PMI) is an insurance policy required by lenders for borrowers until the property has at least 20% equity. It’s the homeowners responsibility to determine when the PMI is no longer needed and 20% equity has been reached. Any significant improvement to the property, including market appreciation since it’s purchase, may have eliminated the need for having PMI even if your initial down payment and principal payments to date do not add up to 20% of the loan.
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When you file for bankruptcy, you must complete forms, called schedules, that list all your property, including real property. Real property is your real estate — it includes property such as land and buildings affixed to land, such as houses.
The need for appraisals for estate and probate purposes is expected to increase. Estimates of the billions of dollars to be inherited by baby boomers are regularly featured in newspapers and the financial press. Much of those assets are in real estate.
Divorce is a difficult time for both partners involved and the issue of a family home “buyout” can add to the stress. Each party bears a certain amount of risk; the purchaser risks the financial stretch of single ownership and the seller risks losing future appreciation on a long term investment.
Are you looking to appeal your tax assessment? Tax assessments are determined through “mass appraising” of a township where the property valuations are then computer generated. This process can lead to inaccurate assessments of individual properties.
Working with a local South Jersey or Pennsylvania real estate agent to sell your home? More than likely, you can expect them to provide you with a Comparative Market Analysis (CMA) that includes comparable sale homes in your area.
Local realtors in South Jersey understand the value of having Pinelands Appraisal, Inc. appraise a property before settling on a MLS listing price.
Lenders and mortgage companies rely on Pinelands Appraisal, Inc. for their detailed and well supported appraisal reports that are delivered in a timely fashion.
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