Attention homeowners in Lake Ronkonkoma and Suffolk County: Need an appraisal?

Here are the top reasons NY homeowners call on Preferred Valuation LLC:

  1. Pre-listing appraisals (whether they're selling the home themselves or using an agent)
  2. Challenge a property tax assessment
  3. To cut their mortgage payments by removing PMI
  4. Reinstate their Home Equity Line of Credit (or HELOC)
  5. Review a different appraiser's report for verification
  6. In the case of a NY divorce, where real estate property needs to be divided
  7. To determine the true market value of property in question to settle an estate in Suffolk county or NY

Need help determining the value of your house in or near Lake Ronkonkoma, NY?
Contact Preferred Valuation LLC.

At Preferred Valuation LLC, we understand the individual needs of a homeowner seeking appraisal services. While our usual business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

Pre-listing Services/For Sale By Owner

It's very hard to be objective about your house because you probably have an emotional attachment to it. The professional appraisers at Preferred Valuation LLC will tell you what you need to know -- not just what you want to hear. We are objective. A professional appraisal is very valuable as a negotiating tool once you have an interested buyer, in addition to helping you set a realistic selling price so your property will attract many interested buyers. It gives you something tangible to show the buyer. It's an independent third party's opinion of your home's price, and not just you saying how much you think your house is worth. Potential buyers assume that you have an emotional attachment to your house and will be more likely to give credibility to an accomplished appraiser's value estimation than yours.

Need to remove PMI?

Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is an attractive money saver for homeowners. Once your mortgage loan is below 80% of the value of your house, in most cases you can apply to your lender to have the PMI eliminated from your loan, which will make your monthly payments go down. Preferred Valuation LLC is seasoned in helping people just like you abolish undesirable PMI insurance.

Challenge Tax Assessment

Lets say you live in a local area that's going down -- your local tax assessor may have your home overvalued. This only means you are probably paying higher taxes than you should be paying. The quicker 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. A professional appraisal from Preferred Valuation LLC is your chief weapon when contesting your property tax assessment.

Recently got a freeze your HELOC?

Even if your specific property has not declined in value, your lender may just choose to automatically freeze your home equity line of credit (HELOC) if your house is near a declining area. Not only can this be difficult from a cash flow angle, but it can be detrimental to your credit score since it may appear as though that credit line is maxed out. A professional appraisal from Preferred Valuation LLC can help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Have you just been handed a copy of your appraisal and you'd prefer to have a seasoned expert double-check it for precision or do you need a second opinion without the charge and delay of waiting for a whole new appraisal? In a field review we'll go out and check the subject and comps in question. If you need it ASAP, we'll provide 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 report you may have had in the past. While usually requested by banks, you may wish to employ this service if you suspect mortgage fraud related to your house.