NY METRO APPRAISAL SERVICES, Inc.
Commercial and Residentail
Real Property Appraisers and Consultants
VA-FHA-Public Law 111-203 Certified
POB 2733, 450 Lexington Avenue,
New York, New York 10163
646-584-0900 (Office)
877-692-8825 (Fax)
www.nymetroappraisalgroup.com


FOR YOUR PROTECTION: GET A HOME INSPECTION

What Lender Do For Buyers.... and What Lenders Don't Do

What Lenders do: In general lenders require an appraisal report for the underwriting of your mortgage. This allows lenders to lend you money for the mortgage of your property.

What Lenders don't do: Lenders do not guarantee the value or conditio of your potential new home. If you find problems with your new home after closing, the lender cannot or give your money for repairs. And the lender will not buy the home back from you.

That's why it is so important for you, the buyer, to get a home inspection. NY METRO APPRAISAL SERVICES, INC. will inspect your potential new home and give you the information you need to make a wise decision.

APPRAISALS AND HOME INSPECTIONS ARE DIFFERENT

Part of the job of a lender to underwrite a loan is the requirement of an appraisal. An appraisal is different from a home inspection. An appraisal is for the lender to make a lending decision: A home inspection is for a buyer to make a buying decision. The lender does an appraisal for the following reasons:

  • to estimate the value of the property
  • to make sure that the house is marketable.

Plainly put, Appraisals are not home inspections.

WHY A BUYER NEEDS A HOME INSPECTION

A home inspection gives the buyer more detailed information than an appraisal---information you need to make a wise decision. In a home inspection, a qualified inspector takes an in-depth, unbiased look at your potential new home to:

  • evaluate the physical condition: structure, construction and mechanical systems
  • identify items that need to be repaired or replaced  
  • estimate the remaining useful life of the major systems, equipment, structure and finishes.

WHAT GOES INTO A HOME INSPECTION?

A home inspection give you, the buyer an impartial, physical analysis of the overall condition of your potential new home and items that may have to be repaired and/or replaced. The inspection give you a detailed report on the condition of the structural components, exterior, roofing, plumbing, heating, insulation, ventilation, air conditioning and interiors.

BE AN INFORMED BUYER

It is YOUR RESPONSIBILITY to be an informed buyer. Be sure that what you buy is satisfactory in every respect. You have the right to carefully examine your potential new home with a qualified home inspector. You may arrange to do so before signing your contract, or you may do so after signing the contract as long as your contract states that the sale of the home depends on the inspection.

For a complete analysis of your potential new home, call NY METRO APPRAISAL SERVICES, INC. at nymetroappraisal@aol.com  or call 1-646-584-0900 or order your inspection via this web site.



Today's News Stories from Bankrate.comĀ®:
 
Video: Get fit, save money
 
5 superpowers of the Fed

More news...

This service is supplied by Bankrate.com and is protected by copyright and owned by Bankrate.com.

Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as
much of the information below that you want and we'll get right back
to you, with no obligation to you. We guarantee your privacy.
 
Your Information
*Name:
*Email:
Phone Number:
Street Address:
City:
State:
Zip:
When are you moving?:
Where are you moving?:
Preferred selling price?:
Number of bedrooms?:
Number of bathrooms?:
Size in square feet?:

Your Question
Question:

Note: Fields with an * are required


NY METRO APPRAISAL SERVICES, Inc. POB 2733, 450 Lexington Avenue New York, NY 10163
Phone: Fax: Pager:

Contact Us | Appraisal Info | MISSION OF NY METRO | COMPANY INFO | QUALIFICATIONS | ELIMINATE PMI | PROPERTY TAX | ORDER HOME INSPECTION | RISK MANAGEMENT | SERVICES PROVIDED | COMMERCIAL DIVISION | DODD-FRANK ACT | PROPERTY TAX SLAYER | TITLE 12 USC 3353 AMCs | APPRAISAL SUB COMMITTEE | Client Login | REGISTER AND ORDER AN APPRAISAL | Inspection Tips | How to Prepare | Home Seller Services | Home Buyer Checklist | For Buyers | Myths | Estate | DIVORCE APPRAISALS | Expert Witness | Tell a Friend | News | FAQ | Our Technology | Press Release | Real Estate Glossary | About PMI | For Homeowners | Why an appraisal? | Services | Home | Site Map | About AVM's | Mortgage Fraud | Why Order Online? | Faster Appraisals | Residential Investment | Appraisal Video | PMI Video | Technology Video | Sell Your Home | Inspection Video | Our Service Area | Appraiser Licensing | Three Approaches to Value | Appraiser Ethics | Appraiser Jargon | What is USPAP? | For FSBO's | Pre-Listing Appraisals | Relocation Appraisal | Assessment Appeal Services | Date of Death Valuations | Condemnation Appraisal | Foreclosure/REO Appraisal | Partial Interest Valuation | Appraisal Reviews | Paying by Credit Card | Payment Options | Mfg vs Modular Homes | New FNMA Forms | Fax an Order | FHA Approved

Copyright © 2014 NY METRO APPRAISAL SERVICES, Inc.
Portions Copyright © 2014 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map