Need an appraisal in Brooklyn or Kings County?

Here are the top 7 reasons NY homeowners hire Five Borough Appraisal Service, Inc.:

  1. Find the right listing price (whether they're selling the home on their own or using an agent)
  2. To challenge a NY property tax assessment
  3. Remove PMI to cut their mortgage payment
  4. Reinstate your Home Equity Line of Credit (or HELOC)
  5. Verify a different appraiser's report
  6. If property needs to be divided because of a divorce
  7. Determine the true market value of real estate in question to settle an estate in NY

Need help deciding the value of your house in or near Brooklyn, NY?
Contact Five Borough Appraisal Service, Inc..

At Five Borough Appraisal Service, Inc., we understand the particular needs of a consumer after appraisal services. Our typical business clients understand the appraisal process and the usual documents we provide. But as a general consumer,we'll be sure you get extra guidance and explanations through the appraisal process to more clearly understand what we do and how we document our findings.

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

It's very hard to be objective about your own home because of your emotional attachment to it. The professional appraisers at Five Borough Appraisal Service, Inc. will tell you what you need to know -- not just what you want to hear. We are objective. In addition to helping you set a realistic selling price so your house will attract interested buyers, a professional appraisal is very crucial as a negotiating tool once you have an attainable buyer. It gives you something concrete to show your buyer. An appraisal is an independent third party's opinion of your house's price -- not just you saying how much 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 experienced appraiser's value assessment than yours.

Appraisals to remove PMI

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

Challenging Kings county's assessment of your property

Your local tax assessor may have your home overvalued if you live in an area that is declining. This means you're 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. Getting an appraisal from Five Borough Appraisal Service, Inc. is your #1 weapon when challenging your property tax assessment.

Recently got a freeze your HELOC?

Even if your specific property has not declined in value, your lender just may decide to automatically freeze your home equity line of credit (HELOC) if your home is near a declining area. Not only can this be inopportune from a cash flow angle, but it can be negative on your credit score since it may appear as though that credit line is maxed out. An efficient appraisal from Five Borough Appraisal Service, Inc. can help you reinstate your HELOC.

Field and Desktop Appraisal Review Services

Have you just been handed a copy of your appraisal and you would like to have a seasoned expert double-check it for preciseness or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? Five Borough Appraisal Service, Inc. offers field reviews where we'll go out and check the subject and comps. If you need it ASAP, 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 you with a a retrospective review of any appraisal you may have in your possession. Even though this is typically requested by banks, you may wish to utilize this service if you suspect mortgage fraud related to your property.