Appraisal services for Cranston and Providence County homeowners
Here are the top seven reasons Rhode Island homeowners order from Ferri Appraisals:
At Ferri Appraisals, we understand the particular needs of a homeowner in need of appraisal services. Our business practices and reporting formats are familiar to our business clients like lenders, attorneys, and accountants. As our client, we will give you extra guidance and explanations through the appraisal process to more clearly understand what we do and how we document the results of our analysis.
For Sale by Owner (FSBO)/Pre-Listing ServicesIt's very hard to be objective about your own house because of your emotional attachment to it. Professional appraisers, like the ones at Ferri Appraisals, are objective. We will tell you what you need to know, not just what you want to hear. A professional appraisal is a very valuable negotiating tool once you have an interested buyer, in addition to helping you set a realistic selling price so your home will attract many interested buyers. The appraisal is something concrete to show the buyer. It's an independent third party's opinion of your home's value, and not just how much your home is worth. Interested buyers know that you have an emotional attachment to your house and will be more likely to give credibility to a professional appraiser's value opinion than yours.
Challenge a property tax assessmentYour local tax assessor may have your house overvalued if you live in a local area that is declining. That only means you are most likely paying more taxes than you should. The earlier you take care of things like this, the better off you'll be, since your property assessment may likely go up again in the next period. When challenging your property tax assessment, getting an appraisal report from Ferri Appraisals is your perfect weapon.
Need to cancel PMI?PMI stands for Private Mortgage Insurance. A popular money saver for homeowners is to get the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan amount is less than 80% of the value of your property. In most cases you can apply to your lender to have the PMI removed from your loan. At Ferri Appraisals, we're experienced in helping homeowners just like you do away with undesirable PMI insurance.
Recently got a freeze to your HELOC?Your lender just might decide to automatically freeze your home equity line of credit (HELOC) if your house is close to a declining area -- even if your specific property has not declined in value. Not only can this be troublesome from a cash flow standpoint, but it can be negative on your credit score since it may appear as though that credit line is maxed out. A professional appraisal from Ferri Appraisals can help you reinstate your HELOC.
Field and Desktop Appraisal Review ServicesHave you just accepted a copy of your appraisal and you'd prefer to have a seasoned professional double-check it for efficiency or do you want a second opinion without the charge and delay of waiting for a whole new appraisal? Ferri Appraisals offers field reviews where we go out and check the subject and comps in question. Or, if you need it ASAP, 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? We can help with that too. While usually requested by banks, you may desire to employ this service if you suspect mortgage fraud related to your home.