Attention homeowners in Pawtucket and Providence County: Get an Appraisal today!
See the top 7 reasons RI homeowners need Elinor J. Richard:
Do you own a home in or near Pawtucket? Do you need help determining the value of your real estate?
At Elinor J. Richard, we understand the unique needs of a customer seeking appraisal services. Our usual business clients are used to the appraisal process and the customary "products" we deliver to them. But as a general consumer,we'll be sure you get extra guidance and explanations through the appraisal process to more clearly understand what we do and how we document our conclusions.
Pre-listing Services/For Sale By Owner (FSBO)
Since you have an emotional attachment to your home, it's often very hard to be objective about it. Our professional appraisers at Elinor J. Richard are objective. We won't just tell you what you want to hear, we'll tell you what you need to know. A professional appraisal is very valuable as a negotiating tool once you have a potential buyer, in addition to helping you set a realistic price to sell at so your home will attract many interested buyers. It's something concrete to show the buyer. The appraisal is an independent third party's opinion of your home's value, not just you saying how much you think your home is worth. Interested buyers know you have an emotional attachment to your home and will be much more likely to give credibility to an experienced appraiser's value opinion than yours.
Appraisals to remove PMI
A popular way to cut expenses for homeowners is to get the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan amount is less than 80% of the value of your house. In most cases you can apply to the lender to have the PMI removed from your loan. At Elinor J. Richard, we're seasoned in helping people just like you delete unneeded PMI insurance.
Challenge Providence county's assessment of your property
Lets say you live in an area that is declining -- your local tax assessor may have your house overvalued. This only means you are most likely paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the quicker you take care of things like this, the better off you'll be. An appraisal report from Elinor J. Richard is your chief weapon when challenging your property tax assessment.
HELOC recently frozen?
Even if your specific property has not declined in value, your lender might choose to automatically freeze your home equity line of credit (HELOC) if your property is near a declining area. This can be be detrimental to your credit score since it may appear as though that credit line is maxed out, and also annoying from a cash flow angle. Elinor J. Richard can provide you with a professional appraisal to help you reinstate your home equity line of credit.
Need Field and Desktop Appraisal Review Services?
Have you just received a copy of your appraisal and you would prefer to have a seasoned expert double-check it for preciseness or do you want a second opinion without the expense 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 need it in a rush, we can provide you with a 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? Elinor J. Richard can help you with that. While typically requested by banks, you may need to employ this service if you suspect mortgage fraud related to your home.