There are lots of reasons the public calls on Empire Valuation Services

Every year, thousands of people in New York buy, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. While there are an increasing number of automated home valuation systems that may appear less expensive than an appraisal, practically all lenders still call for a local expert because the stakes are incredibly high. You might believe that securing a mortgage is the only reason you should get an appraisal, but there are more times when the services of a certified, independent real estate professional might be beneficial.


	When you're planning on any transaction where the likely sales price of your home is in question, contact Empire Valuation Services. Just click here

Let Empire Valuation Services help you dispute your tax assessment in Queens County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your real estate, so if prices have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Empire Valuation Services is your best evidence when building your case. At Empire Valuation Services,we can assist you in appealing your tax assessment.

Empire Valuation Services can help you eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask home owners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

Empire Valuation Services will give you a statement regarding the value of your home, and the expense of the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is an especially traumatic event for the parties involved, and it is often more complicated by the difficult decision of who keeps the property. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Empire Valuation Services, regardless of the circumstances.

The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Trustworthy estate liquidation

Losing a loved one is a difficult 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 ensure 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 manage these issues, unlike wealthier individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Queens County?

We understand the stress involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our intensive process.

Let Empire Valuation Services help you sell your home quickly at the right price

A professional appraisal can help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate sales price is for your home - so you don't come up short or have your house on the market an unnecessarily long time - because we're experts in knowing how long homes stay on the market.