Need an appraisal in Franklin Lakes or Bergen County?

The top 7 reasons why NJ homeowners hire Palisades Appraisals:

  1. To get a pre-listing appraisal (whether they're selling the home themselves or using a real estate agent)
  2. To challenge a NJ property tax assessment
  3. Remove PMI to cut your mortgage payments
  4. Reinstate your Home Equity Line of Credit (or HELOC)
  5. Review another appraiser's report for verification
  6. In the case of a NJ divorce, when real estate property needs to be divided
  7. To determine the true market value of real estate in question to settle an estate in NJ

Own a home in or near Franklin Lakes, NJ and need help deciding the value of it?
Contact Palisades Appraisals.

At Palisades Appraisals, we understand the particular needs of a homeowner after appraisal services. Our business practices and reporting formats are relatively routine to our business clients like lenders, lawyers, and CPAs. But as a general consumer,you will receive extra guidance and explanations through the appraisal process to more fully understand what we do and how we present our conclusions.

For-Sale-By-Owner (FSBO) / Pre-Listing Services

It's very hard to be objective about your house because you most likely have an emotional attachment to it. Professional appraisers, like the ones at Palisades Appraisals, are objective. We'll tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic price to sell at so your property will attract buyers, a professional appraisal is a very important negotiating tool once you have an interested buyer. It's something concrete to show the 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 know you have an emotional attachment to your house and will be more likely to give credibility to an expert appraiser's value conclusion than yours.

Need to cancel PMI?

PMI stands for Private Mortgage Insurance. A preferred way to cut costs for homeowners is to get the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan amount is below 80% of the value of your house, in most cases you can apply to the lender to have the PMI eliminated from your loan, which will make your monthly payments go down. We're experienced in helping people just like you rid yourselves of unnecessary PMI insurance.

Challenge a property tax assessment

Your local tax assessor may have your home overvalued if you live in an area that is declining or not appreciating as much as other houses close by. This means you're paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the faster you take care of things like this, the better. When contesting your property tax assessment, getting an appraisal from Palisades Appraisals is your best weapon.

HELOC recently frozen?

Your lender might make the decision to automatically freeze your home equity line of credit (HELOC) if your house is in a declining area -- even if your specific property has not declined in value. This can this be annoying from a cash flow viewpoint, and bad for your credit score since it may appear as though that credit line is maxed out. Palisades Appraisals can help you reinstate your home equity line of credit with efficient appraisal.

Field and Desktop Appraisal Review Services

Have you just gotten a copy of your appraisal and you would like to have a seasoned expert double-check it for preciseness or do you want a second opinion without the added cost and delay of waiting for a whole new appraisal? We can go out and check the subject and comps in question in a field review. If you're in a hurry, we'll provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

We can also provide a retrospective review of any appraisal you may have had in the past. Even though this is usually requested by banks, you may wish to exercise this service if you suspect mortgage fraud related to your property.