Attention homeowners in Albuquerque and Bernalillo County: Get an Appraisal today!

The top 7 reasons why NM homeowners need Payne And Associates:

  1. Get a pre-listing appraisal (whether you're using an agent or selling the home on your own)
  2. To challenge a NM property tax assessment
  3. Remove PMI to reduce a mortgage payments
  4. Reinstate their Home Equity Line of Credit (or HELOC)
  5. Verify a different appraiser's report
  6. In the case of a NM divorce, where real estate needs to be divided
  7. To determine the true market value of property in question to settle an estate in Bernalillo County or the state of NM

Do you own a home in or near Albuquerque? Do you need help deciding the value of your real estate?
Contact Payne And Associates.

At Payne And Associates, we understand the particular needs of a homeowner looking for appraisal services. Our regular business clients understand the appraisal process and the customary documents we provide. But as a general consumer,we will give you extra guidance and explanations through the appraisal process to more clearly understand what we do and how we present our findings.

Pre-listing Services/For Sale By Owner

It's very hard to be objective about your own house because you most likely have an emotional attachment to it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is a very valuable negotiating tool once you have a likely buyer, in addition to helping you set a realistic selling price so your property will attract many interested buyers. The appraisal is something tangible to show your buyer. An appraisal is an independent third party's opinion of your home's price -- not just you saying how much you think your house is worth. Potential buyers assume you have an emotional attachment to your home and will be much more likely to give credibility to a qualified appraiser's value report than yours.

Appraisals to remove PMI

Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is a fashionable way to cut expenses for homeowners. Your monthly payments will go down once your mortgage loan amount is down below 80% of the value of your home. In most cases you can apply to your lender to have the PMI removed from your loan. We're experienced in helping folks just like you dismiss unneeded PMI insurance.

Challenging Bernalillo county's assessment of your property

Your local tax assessor may have your house overvalued if you live in an area that is going down. This only means you're going to pay higher taxes than you should be paying. 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 expert appraisal from Payne And Associates 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. Not only can this be unsuitable 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. Payne And Associates can help you reinstate your HELOC.

We Also Provide Field and Desktop Appraisal Review Services

Do you need an expert to double-check your appraisal for accuracy, or do you desire a second opinion without the charge and delay of waiting for a whole new appraisal? In a field review we will go out and check the subject and comparables. Or, if you need it ASAP, we can provide you with a 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 with that too. While usually requested by banks, you may desire to employ this service if you suspect mortgage fraud related to your home.