Appraisal services for Smithtown and Suffolk County homeowners

Here are the top seven reasons why NY homeowners call on Prestige Appraisals:

  1. Find the right listing price (whether you're using a real estate agent or selling the home on your own)
  2. Challenge Suffolk county's assessment of your propertyvalue
  3. Remove PMI to cut a mortgage payment
  4. To reinstate your Home Equity Line of Credit (HELOC)
  5. Review another appraiser's report for verification
  6. If property needs to be divided because of a divorce
  7. Determine the true market value of real estate in question to settle an estate in NY

Own a home in or near Smithtown, NY and need help determining the value of it?
Contact Prestige Appraisals.

At Prestige Appraisals, we understand the unique needs of a homeowner in need of appraisal services. Our usual business clients understand the appraisal process and the usual reporting formats. Being a regular consumer that most likely doesn't see an appraisal every day,you will receive extra guidance and explanations through the appraisal process to more clearly understand what we do and how we present our findings.

For Sale By Owner/Pre-Listing Services

Since you have an emotional attachment to your house, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is very important as a negotiating tool once you have an interested buyer, in addition to helping you set a realistic selling price so your house 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 value -- not just how much your home is worth. Potential buyers assume you have an emotional attachment to your home and will be more likely to give credibility to a seasoned appraiser's value opinion than yours.

Need to remove PMI?

A fashionable way to save money for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan amount is below 80% of the value of your home, in most cases you can apply to a lender to have the PMI removed from your loan, which will make your monthly payments go down. At Prestige Appraisals, we're qualified in helping clients just like you delete unneeded and unwanted PMI insurance.

Challenge a property tax assessment

Lets say you live in a region that's going down -- your local tax assessor may have your house overvalued. This means you are most likely paying higher taxes than you should be paying. The earlier you take care of a matter like this, the better, since your property assessment may likely go up again in the next period. Getting a professional appraisal from Prestige Appraisals is your chief weapon when challenging your property tax assessment.

Was your HELOC recently frozen?

Even if your specific property has not declined in value, your lender might decide to automatically freeze your home equity line of credit (HELOC) if your property is near a declining area. Not only can this be inopportune from a cash flow angle, but it can be negative on your credit score since it may appear as though that credit line is maxed out. Prestige Appraisals can help you reinstate your home equity line of credit with an expert appraisal.

Do You Need Field and Desktop Appraisal Review Services?

Do you need a veteran appraiser to double-check your appraisal for verity, or do you need a second opinion without the charge and delay of waiting for a whole new appraisal? An appraiser from Prestige Appraisals can go out and check the subject and comps in question 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? Prestige Appraisals can We can assist you. While usually requested by banks, you may want to use this service if you suspect mortgage fraud related to your house.