Attention homeowners in Cape May and Cape May County: Get an Appraisal today!

Here are the top seven reasons New Jersey homeowners order from Rick Spackman:

  1. To get a pre-listing appraisal (whether they're selling the home themselves or using a real estate agent)
  2. To challenge a property tax assessment in New Jersey
  3. To cut a monthly mortgage payment by removing PMI
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Verify another appraiser's report
  6. If real estate property needs to be divided because of a divorce
  7. To determine the true market value of a property to settle an estate
Do you own a house in or near Cape May? Do you need help deciding the price of your real estate? Contact Rick Spackman.

At Rick Spackman, we understand the special needs of a homeowner seeking appraisal services. Our usual business clients get the appraisal process and the customary reporting formats. Being a person not in the real estate field that most likely doesn't see an appraisal on a regular basis, you can expect extra guidance and explanations through the appraisal process to more clearly understand what we do and how we report our conclusions.

Pre-listing Services/For Sale by Owner (FSBO)

Since you have an emotional attachment to your home, it's often very hard to be objective about it. The professional appraisers at Rick Spackman 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 a potential buyer, in addition to helping you set a realistic selling price so your house will attract many interested buyers. It gives you something tangible to show your buyer. The appraisal is an independent third party's opinion of your property's market value, not just you saying how much you think your home is worth. Interested buyers know you have an emotional attachment to your house and will be more likely to give credibility to an accomplished appraiser's value report than yours.

Challenging property tax assessments

Let's say your home is not appreciating as much as other houses nearby -- your local tax assessor may have your home overvalued. That only means you are most likely paying more taxes than you should. The earlier you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. When contesting your property tax assessment, getting an appraisal from Rick Spackman is your number one weapon.

Appraisals to cancel PMI

A preferred money saver for homeowners 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 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. At Rick Spackman, we're experienced in helping homeowners just like you abolish unneeded PMI insurance.

HELOC recently frozen?

If your house is in or near a declining area, your lender may just decide to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. Not only can this be unsuitable from a cash flow point of view, but it can be negative on your credit score since it may appear as though that credit line is maxed out. Rick Spackman can help you reinstate your home equity line of credit with an expert appraisal.

Need Field and Desktop Appraisal Review Services?

Have you just received a copy of your appraisal and you would prefer to have a seasoned appraiser double-check it for accuracy or do you need a second opinion without the expense and delay of waiting for a whole new appraisal? An appraiser from Rick Spackman can go out and check the subject and comps in question in a field review. If you're in a rush, we'll provide 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? Rick Spackman can help you with that. Although most appraisal reviews are requested by lenders, homeowners that have reason to believe they've been the victim of mortgage fraud are wise to get a second opinion.