Primary & Secondary Mortgages

The federal government and the State of New Hampshire have established appraisal guidelines for reports used for mortgages. Recognizing the importance to the financial institutions of satisfying the criteria of the financial institution regulators results in thorough analysis of each property. A detailed investigation is undertaken regardless of the size or value of a property.

Appraisals are based on historical information, and there is no guarantee that real estate properties will not suffer declines in value. However, a careful analysis and complete appraisal report coupled with practical and reasoned underwriting usually eliminates or, at the very least, minimizes losses to financial institutions.

Divorce Settlement

Divorce can be a very difficult time for both parties involved. During a divorce, one side may offer to buy out the other side for the property in question. Or both parties might agree to sell the property and split the proceeds. In any event, an objective appraisal may be utilized in order to determine the fair market value of the property. A credible value for the subject property is necessary so that both parties involved can move forward confidently knowing that their property has been evaluated in an unbiased fashion by an appraisal expert.

PMI Removal

A popular money saver for homeowners in the last few years is to get the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan amount is down below 80% of the value of your home, in most cases you can apply to the lender to have the PMI removed from your loan, which will make your monthly payments go down. We are experienced in helping folks just like you rid themselves of unneeded and unwanted PMI insurance.

Estate, Probate & Date of Death

Navigating the probate process can be complex and emotionally challenging. We understand the sensitivity and urgency of settling an estate, and we’re here to help. Our expertise in estate and date of death appraisals ensures that estate attorneys, executors, and family members receive accurate and timely real estate appraisals during this crucial period. Our appraisals provide the essential information needed to meet IRS and state requirements and ensure a smooth probate process. A few various estate appraisals could include; Date of death appraisals, Retrospective appraisals, Probate appraisals and Current value appraisals for sale or settlement between heirs.

Acquisition (Pre-purchase)

Today’s market can be challenging. Whether you’re a buyer looking for a new home or a seasoned realtor trying to establish a fair offer price it’s often difficult to sift through all of the market data to determine a true value for your home. So it’s common for buyer and realtors to rely on appraisers for assistance when looking to not overspend. At Northeast Appraisal we can provide you with a professional 3rd party appraisal, which is far more accurate than a realtor based Comparative Market Analysis (CMA). A pre-purchase appraisal ensures both you and your agent have an accurate description of your prospective homes features and a detailed analysis of the most recent and comparable sales.

Disposition (Pre-listing)

If you’re working with a real estate agent to list your property, more than likely  they’ll provide you with a Comparative Market Analysis (CMA) that lists selected sales in your area as one of the first steps in determining what to set as the “Listing Price".  This step is vital if you're going to maximize your profit and minimize the home’s time on the market.

 But even if you're working with the most experienced real estate agent, it's probably in your best interest to have an "objective" third-party's opinion of value prior to signing a Listing Agreement.  And that’s where we come in. We can provide you with a pre-listing appraisal so both you and your agent have an accurate description of your home's features and a detailed analysis of the most recent and similar comparable sales. In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal can:

• Be a very valuable negotiating tool once you have a potential buyer

• Impress buyer’s with written proof of your home’s condition inside and out

• Make you aware of problems and eliminate last-minute repair hassles that might delay a closing

• Decrease the chances of unknown problems that cause sales to fall through

• Eliminate the wait for the buyer or their mortgage company to get the appraisal done on their own

Property Tax Appeal

Due to the ever changing home prices over the past several years, a large percentage of homes throughout New Hampshire are being ‘taxed’  on higher property values. So there’s a good chance you’re paying more than your fair share of property taxes! Living in Hillsborough County myself, home values have been significantly increasing over the past several years, however, are beginning to stabilize. But there is a chance that you are still paying to much. Sometimes, matters like this can be resolved with a phone call to your town office. However, if after discussing your assessment with your local taxing authority you still feel as though your property has been overvalued, a professional, independent, third-party appraiser is often your best bet in proving your case. As such, we do our own evaluation from beginning to end. If you’re correct that your property has been overvalued, an independent report such as ours will be more persuasive than any other evidence you can provide on your own.