Reasons someone would use the services of Genesee Appraisal Assoc.

Every year, thousands of people in New York buy, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. Nearly all lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that might seem more cost-effective than an appraisal. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are other cases when the services of a licensed, independent real estate professional might be beneficial.


	For real estate appraisals in Rochester and Monroe County, it's easiest when your order online from Genesee Appraisal Assoc., just click here.

Let Genesee Appraisal Assoc. help you dispute your tax assessment in Monroe County

If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Genesee Appraisal Assoc. is your best evidence when building your case. At Genesee Appraisal Assoc., we're qualified to assist you in disputing your tax assessment.

How can you do away with PMI to lower your mortgage payment?

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, nearly all lenders ask buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Genesee Appraisal Assoc. can produce a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be an especially traumatic ordeal for both parties, and it is often even more complicated by the hard decision of who gets the property. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Genesee Appraisal Assoc., regardless of the situation.

The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Accurate and fair estate liquidation with Genesee Appraisal Assoc.Settling an estate

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocating to or from Monroe County?

We know the headaches associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any current sales or listings in their area that they want considered during our intensive process.

Selling your home quickly at the right price with an appraisal from Genesee Appraisal Assoc.

A professional appraisal will help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or use the assistance 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. The price we charge isn't related to the sales price, but rather they are calculated on our efforts to finish the appraisal.

We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted 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 properties are one the market.