Appraisal services for homeowners
The top 7 reasons RI homeowners need Jay Flanagan:
- Pre-listing appraisals (whether you’re using an agent or selling the home on your own)
- To challenge a RI property tax assessment
- Remove PMI to cut your mortgage payment
- To reinstate their Home Equity Line of Credit (HELOC)
- Verify a different appraiser’s report
- In the case of a RI divorce, when real estate property needs to be divided
- Determine the true market value of real estate in question to settle an estate.
We at Jay Flanagan understand the particular needs of a consumer looking for appraisal services. The appraisal process and reporting formats are relatively routine to our business clients like banks, lawyers, and accountants. But as a general consumer,we will provide you with extra guidance and explanations through the appraisal process to more clearly understand what we do and how we present the results of our analysis.
Pre-listing Services/For Sale By Owner
Since you have an emotional attachment to your own house, it’s often very hard to be objective about it. Professional appraisers, like the ones at Jay Flanagan, will be objective. We will tell you what you need to know, not just what you want to hear. A professional appraisal is a crucial negotiating tool once you have a likely buyer, in addition to helping you set a realistic price to sell at so your property will attract buyers. The appraisal is something tangible to show your buyer. An appraisal is an independent third party’s opinion of your home’s price — not just how much you think 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 an expert appraiser’s value opinion than yours.
Need to cancel PMI?
PMI stands for Private Mortgage Insurance. An attractive way to cut expenses for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan amount is less than 80% of the value of your property, in most cases you can apply to a lender to have the PMI eliminated from your loan, which will make your monthly payments go down. At Jay Flanagan, we’re experts in helping clients just like you rid yourselves of undesirable PMI insurance.
Challenge property tax assessments
Your local tax assessor may have your home overvalued if your home is not appreciating as much as other homes nearby. That means you are paying more taxes than you should. Since your property assessment may likely go up again in the next period, the faster you take care of things like this, the better off you’ll be. Getting a professional appraisal from Jay Flanagan is your strongest weapon when contesting your property tax assessment.
Was your HELOC recently frozen?
If your home is in a declining area, your lender might just make the decision to automatically freeze your home equity line of credit (HELOC) – even if your specific property has not declined in value. Not only can this be annoying from a cash flow point of view, but it can be negative on your credit score since it may appear as though that credit line is maxed out. Jay Flanagan can provide you with a professional appraisal to help you reinstate your home equity line of credit.
We Provide Field and Desktop Appraisal Review Services
Have you just been given a copy of your appraisal and you’d like to have a seasoned appraiser double-check it for preciseness or do you desire a second opinion without the charge and delay of waiting for a whole new appraisal? We can go out and check the subject and comps in a field review. Or, if you’re in a rush, we can provide 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? Jay Flanagan can help you with that. While usually requested by banks, you may want to exploit this service if you suspect mortgage fraud related to your home.