Home Owners
Appraisal Services for Home Owners and FSBO
Our Home Owner and FSBO appraisal servicess include:
For Sale By Owner – FSBO
Selling your home in the Greater New Orleans Area? Orleans Appraisal can help you sell it for the right price by finding the true market value of your property before you start the process. Our certified and experienced appraisers continuously analyze the New Orleans real estate market and are experts on the nuances of the diverse neighborhoods that make New Orleans unique to other cities. Their expertise and diligence make a professional appraisal definitely worth it in the long run. Orleans Appraisal will also help you with your market strategy whether you sell it For Sale By Owner (FSBO) or with a licensed Louisiana real estate agent.
Home Buyers – Unrepresented Buyers
Whether you’re buying real estate with cash or planning to mortgage a home purchase, as a buyer, you can use an objective opinion of value to help in negotiations with a seller. The appraisal can then be used to support an appraisal for mortgage financing or to give peace of mind when making a cash offer. Orleans Appraisal recommends that you order your appraisal before making an offer or just after to ensure that the due diligence period does not expire.
Tax Assessment Appeal – Assessment appeal services
Like most parishes in Louisiana, Orleans and Jefferson determine your property tax based on an ad valorem assessment of the value of the property. In Orleans Parish, your property value is reassessed every four years, which means that many New Orleans homeowners might experience an unwelcome surprise: a notice that property taxes have increased. You can first check with your local taxing authority, but if you feel that your property was not accurately assessed, we can help you prove your case by offering a professional appraisal by experienced, certified residential real estate appraisers.
According to Orleans Tax Assessor, the open rolls period to dispute tax assessment is from July 15-August 15. The most important supporting documentation that the assessor will consider is a recent appraisal, a builder’s contract, insurance documents, and recent photographs. Click here for a pdf guide to this process: A Property Owner’s Guide to the Open Rolls Period
PMI Removal
Need help in reducing your mortgage payments? We can provide guidance on the removal process of PMI, Private Mortgage Insurance. This insurance is usually required when a home owner purchases real estate with less than 20% down payment. The lower the down payment, the higher the PMI, which can inflate monthly living expenses.
There are two categories of PMI removal: automatic termination and borrower initiated termination. Automatic termination occurs when the lender automatically ends your PMI based on a particular number of payments. For borrower initiated termination, you can depend on Orleans Appraisal to assist you in removing your PMI. We help home owners to determine at what point their home’s equity increased above 20% of the remaining mortgage. By providing a credible appraisal to your lender, the PMI can be removed, saving you a substantial amount of money each month.
Other Home Owner Appraisal Services
Orleans Appraisal can also provide other Home Owner Appraisals, including cash sales purchases, listing appraisals, insurance appraisals and other FSBO oriented appraisal work. Call or Email Us to discuss how we can meet your real estate needs.