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American Realty Appraisals can help you with a wide variety of appraisal needs with accurate and clear reporting that adheres to guidelines appropriate to your unique situation. We have deep experience from determining the fair market value for smaller residential homes as low as $23,000 to complex estates as high as $7,000,000.
Services
Pre-Listing, Pre-Purchase, & FSBOs
We determine the value of your home, enabling you to make a well-informed decision.
In home appraisals, pre-listing appraisals help sellers set realistic prices before listing their property. Pre-purchase appraisals guide buyers in making informed decisions about a property's value. Finally, For Sale By Owner (FSBO) appraisals are essential for homeowners selling without an agent, ensuring they set a fair and competitive price. Each appraisal type offers clarity and confidence in real estate transactions for both buyers and sellers.
Divorce Appraisal
We offer accurate divorce appraisals that comply with state court regulations.
Divorce home appraisals are a critical aspect of the property division process in marital separations. They provide an unbiased market value assessment of the shared home, which is essential for equitable distribution of assets. These appraisals help in determining whether the property should be sold and the proceeds divided, or if one party should buy out the other's share. This objective valuation ensures that both parties receive a fair settlement based on the current market conditions, reducing disputes over property value. Additionally, a divorce appraisal can have legal implications, as it may influence court decisions regarding asset division. This type of appraisal brings transparency and fairness to the often-complex financial negotiations in a divorce, aiding in a smoother resolution.
Estate Planning Appraisal
Estate planning appraisals accurately assess property value for effective asset distribution in estate settlements.
Estate planning appraisals are vital for effectively managing and distributing an individual's property after their passing. They provide a precise evaluation of the property's value at the date of the owner's death, which is crucial for tax purposes and equitable distribution among heirs. This type of appraisal ensures that estate taxes are calculated based on accurate market value, potentially saving the estate from paying excessive taxes. It also aids executors and beneficiaries in making informed decisions about retaining, selling, or dividing the property. By establishing the fair market value, estate planning appraisals help in preventing conflicts among heirs and ensure compliance with legal and tax requirements. They are an essential tool for transparent and fair distribution of assets in estate settlements.
Tax Appeal Appraisal
We conduct reliable and precise appraisal reports to assist in lowering your property taxes.
Tax appeal appraisals play a crucial role for property owners disputing their property tax assessments. These appraisals provide an independent and current market value assessment, which can be significantly different from the value determined by tax authorities. By demonstrating a more accurate value of the property, owners can challenge and potentially lower their tax liabilities. This is particularly important in fluctuating real estate markets, where tax assessments may not reflect current conditions. A well-supported tax appeal appraisal can lead to substantial savings in property taxes, ensuring that owners are not overburdened financially. Moreover, it offers a fair and objective basis for negotiations with tax assessors, fostering a more equitable tax system. These appraisals are instrumental in ensuring property taxes are based on true market values.
Bankruptcy Appraisal
We’re experts in delivering bankruptcy appraisal reports for a range of lenders in New Jersey
Bankruptcy appraisals are a crucial element in the bankruptcy filing process, providing an accurate assessment of a debtor's property value. These appraisals are used to determine the fair market value of real estate assets, which is essential for both Chapter 7 and Chapter 13 bankruptcy proceedings. In Chapter 7, this value helps in deciding if the property can be liquidated to pay off creditors, while in Chapter 13, it influences the repayment plan terms. A precise bankruptcy appraisal ensures that the debtor's assets are neither undervalued nor overvalued, facilitating a fair and equitable settlement with creditors. It also assists in protecting the debtor's rights, potentially enabling them to retain more of their property. This type of appraisal is key to providing a clear financial picture, helping to streamline the bankruptcy
Appraisal to Remove PMI
Lower your monthly mortgage expenses with a certified appraisal report from a qualified appraiser.
PMI (Private Mortgage Insurance) removal appraisals are significant for homeowners seeking to eliminate their PMI payments. This type of appraisal determines the current market value of a home to establish if the homeowner has sufficient equity to request the cancellation of PMI. Typically, PMI can be removed once the homeowner's equity reaches 20% of the property's value. An accurate PMI removal appraisal can potentially save homeowners thousands of dollars by proving that their equity meets the required threshold, thereby eliminating the need for additional insurance payments. This appraisal is particularly beneficial when property values have increased or the homeowner has made substantial improvements to the property. It offers a financially savvy way for homeowners to reduce their monthly mortgage expenses by providing concrete evidence of their home's increased value.
“I have now used ARA twice and both times they were incredibly detailed, responsive, and knowledgeable of the current market.”
“They were able to get me a detailed report in just a few days with photos of the house, layout, and comps that formulated a fair and accurate pricing for my home both when I bought and sold my current house. I highly recommend!”
– Maxwell S.
Getting Started is Easy
Buying or selling a home, or obtaining the value for another purpose can be one of the biggest financial decisions of your life. It can be at times daunting as well as a stressful situation. Let us help to remove some of that stress by providing the fair market value so you can make confident decisions.