CEB Appraisals in Hicksville perform appraisals for diverse purposes

Every year, thousands of people in New York buy, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. And even though there are a developing number of automated home valuation processes that might seem cheaper than an appraisal, practically all lenders still need a local expert because the stakes are very high. You might assume that securing a mortgage is the only basis for getting an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could come in handy.


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Let CEB Appraisals help you appeal your tax assessment in Nassau County

It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices have declined in your area, you can challenge your assessment and save money. An appraisal from CEB Appraisals is your best evidence when building your case. At CEB Appraisals,we can assist you in challenging your tax assessment.

CEB Appraisals can help you eliminate PMI to lower your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the home, most lenders ask home buyers to purchase an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

CEB Appraisals will produce a statement regarding the value of your home, and the expense of the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is a particularly traumatic ordeal for the parties involved, and it is often more complicated by the hard decision of who keeps the home. Regardless of the situation, it's wise to order an appraisal from CEB Appraisals so both parties are entirely aware of the true market value of their house.

If the parties want to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Settling an estate with peace of mind

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We guarantee 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 matters. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the certain value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Let CEB Appraisals help you with relocating to or from Nassau County

Moving due to a job change can be a real pain, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our intensive process.

Don't sell out for too little or keep your home on the market too long.

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value opinion we render, but rather they are based on our efforts to complete the appraisal.

We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, seeking a professional appraisal is a reliable way to decide what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.