Homewner Appraisal & Valuation Services

Homeowners sometimes have special needs for appraisals or valuation consultation for a variety of reasons. When you order an appraisal or valuation consultation service from Metro Residential Appraisals, Inc, you can rest assured that you will get the best in professional service, courtesy, and quality.

For Sale By Owner   (FSBO) & Listing Appraisal Services

As Certified Residential Appraisers when we meet with realtors during a the site visit for a sale, we often hear " Is there going to be a problem my property value or comparable sales ? ".  The same holds true for Homeowners who wish to save the commissions paid to Realtors and attempt to sell their home on their own or other reality services which offer homeowners reduced commissions by having the homeowner price and show their own homes. With a Listing Appraisal as the selling realtor, you and your client will know that your listing is priced competitively to reduce extended days on the market and get the home to closing faster.  More Informaiton

 PMI ( Private Mortgage Insurance)  Removal

Homeowners have relied on Metro Residential Appraisals, Inc. to prepare valuation reports for homeowners who have gained equity in their homes over the past several years in certain market areas, thus having the ablility for thier current lender to remove the Private Mortgage Insurance Premium from their monthy payments. This proceedure is a very cost effective measure for homeowners to greatly reduce their monthly mortgage payment.  Depending on the amount of the portion of your monthly payment which was used for the PMI payment, a homeowner could regain the cost of the appraisal in just a few months.

Appraisal Review

Homeowners have contacted Metro Residential Appraisals shortly after receiving an appraisal report back from a potential lender or Attorney who has engaged another appraiser in the assignment.   We have been asked to perform a Field Review of that appraisal report to perform a double check it's content for accuracy.  A Feild Review entails our appraisers to perform an exterior observation of the homeowner's property and all of the comparables used in that report.  We then perform an extensive search in the Local Multiple Listing service and make a determination if there any other more appropriate comparable sales which may or may not produce a different creditable result in value.

Property Tax Appeal

The assessed value of your real estate should equal what the property would easily sell for (appraised value). If the assessed value exceeds what the property would easily sell for you should file an appeal. In recent years many local municpalities have done reassesments of all residential properties in the Southern New Jersey and Pennsylvania area during the real estate " boom".  Property values in many cases were higher during the period residential properties were being assessed thus raising revenues for the local municipalities.  However, is some areas housing prices have delcined due to a number of factors, but in many cases the assessed values have remained the same.  Each local municipality have different tax rates depending on their annual budget needs. There are a few different steps to approach the appeal process.  A homeowner would engage Metro Residential Appraisals to perform a full market analysis of your property.  This method provides a clear and accurate indicator of your home's real marketable value, what a typical buyer would pay for your home.  Once this step is completed, a homeowner can make the decision whether to move forward with tax appeal process. More Information.