Appraisal services for Morristown and Morris County homeowners

Here are the top 7 reasons why NJ homeowners call on Porter Place Appraisals:

Find the right listing price (whether you're using an agent or selling the home on your own)
Challenge a property tax assessment
Remove PMI to reduce their mortgage payments
To reinstate your Home Equity Line of Credit (or HELOC)
Verify a different appraiser's report
In the case of a NJ divorce, when real estate property needs to be divided
Settle an estate in NJ by determining the true market value of property in question

Need help deciding the value of your home in or near Morristown, NJ?
Contact Porter Place Appraisals.

We at Porter Place Appraisals understand the unique needs of a customer after appraisal services. Our regular business clients understand the appraisal process and the usual documents we provide. As our client, you can expect extra guidance and explanations through the appraisal process to more fully understand what we do and how we report the results of our analysis.

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

Since you have an emotional attachment to your home, it's often very hard to be objective about it. Professional appraisers, like the ones at Porter Place Appraisals, are objective. We'll tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic selling price so your home will attract many interested buyers, a professional appraisal is very valuable as a negotiating tool once you have a likely buyer. It's something tangible to show your buyer. It's an independent third party's opinion of your house's price, 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 far more likely to give credibility to an accomplished appraiser's value opinion than yours.

Appraisals to remove PMI

Getting the PMI (Private Mortgage Insurance) eliminated from your mortgage loan is an attractive way to cut costs for homeowners. Once your mortgage loan 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. At Porter Place Appraisals, we're experts in helping clients just like you do away with unwanted and unneeded PMI insurance.

Challenge Morris county's assessment of your property

Your local tax assessor may have your home overvalued if your house not appreciating as much as other houses nearby. That only means you are paying more taxes than you should. Since your property assessment may likely go up again in the next period, the earlier you take care of things like this, the better. When contesting your property tax assessment, getting an expert appraisal from Porter Place Appraisals is your best weapon.

Recently got a freeze your HELOC?

If your property is close to a declining area, your lender might just decide to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can this be difficult and inconvenient from a cash flow viewpoint, and destructive to your credit score since it may appear as though that credit line is maxed out. Porter Place Appraisals can help you reinstate your home equity line of credit with a professional appraisal.

We Also Provide Field and Desktop Appraisal Review Services

Would you prefer a second opinion without the cost and delay of waiting for a whole new appraisal? Or do you desire an expert to double-check your appraisal for accuracy? Porter Place Appraisals offers field reviews where we'll go out and check the subject and comparables in question. If you need it 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.

Need a retrospective review of an appraisal? We can help you with that While usually requested by banks, you may need to utilize this service if you suspect mortgage fraud related to your property.