Attention homeowners in Medford and Suffolk County: Get an Appraisal today!

Here are the top 7 reasons why NY homeowners hire Island Preferred, Inc.:

  1. Get a pre-listing appraisal (whether they're selling the home themselves or using a real estate agent)
  2. Challenge property tax assessments
  3. Remove PMI to cut a mortgage payments
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Verify another appraiser's report
  6. If real estate needs to be divided because of a divorce
  7. Determine the true market value of property in question to settle an estate in Suffolk county or NY

Do you own a house in or near Medford? Do you need help determining the price of your real estate?
Contact Island Preferred, Inc..

We at Island Preferred, Inc. understand the unique needs of a customer seeking appraisal services. While our usual business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

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 Island Preferred, 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 price to sell at so your property will attract interested buyers, a professional appraisal is very valuable as a negotiating tool once you have an interested buyer. It's something concrete to show the buyer. It's an independent third party's opinion of your property's value, and not just you saying how much your house is worth. Potential buyers assume that you have an emotional attachment to your home and will be more likely to give credibility to an expert appraiser's value report than yours.

Appraisals to cancel PMI

Getting the PMI (Private Mortgage Insurance) removed from your mortgage loan is an attractive way to cut costs for homeowners. Your monthly payments will go down once your mortgage loan amount is down below 80% of the value of your house. In most cases you can apply to a lender to have the PMI removed from your loan. We are qualified in helping clients just like you rid yourselves of undesirable PMI insurance.

Challenging Suffolk county's assessment of your property

Lets say your home is not appreciating as much as other properties close to yours -- your local tax assessor may have your home overvalued. That means you're probably paying more taxes than you should. Since your property assessment may likely go up again in the next period, the quicker you take care of a matter like this, the better off you'll be. Getting an expert appraisal from Island Preferred, Inc. is your perfect weapon when challenging your property tax assessment.

HELOC recently frozen?

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 property is in a declining area. Not only can this be annoying from a cash flow point of view, but it can be harmful to your credit score since it may appear as though that credit line is maxed out. Island Preferred, Inc. can help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Do you need an expert to double-check your appraisal for precision, or do you want a second opinion without the cost and delay of waiting for a whole new appraisal? An appraiser from Island Preferred, Inc. can go out and check the subject and comparables 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 report? Island Preferred, Inc. can help you with that. Even though this is usually requested by banks, you may need to make use of this service if you suspect mortgage fraud related to your house.