Why you should get an appraisalTo many, an appraisal is simply one more thing on the break-sheet for a home purchase or refinance. And while there are a multiplying number of automated home valuation processes that might appear to be less expensive than an appraisal, most lenders still call for a local expert because the stakes are so high. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are additional times when the services of a certified, independent real estate professional could come in handy.
Appeal your tax assessment in Cook CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Accredited Appraisals is your best evidence when building your case. At Accredited Appraisals, we're equipped to assist you in appealing your tax assessment.
Let Accredited Appraisals assist you in lowering your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. This extra payment is often folded into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Accredited Appraisals will give you a statement regarding the value of your home, and the cost of the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.
An appraisal from Accredited Appraisals will help you settle a divorce with less stressA divorce is often complicated by the strenuous decision of who keeps the house, and it can be an especially traumatic occurrence for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from Accredited Appraisals, regardless of the circumstances.
If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Settling an estate with peace of mindThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these matters. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Accredited Appraisals can assist you in relocating to or from Cook CountyWe understand the stress associated with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered during our intensive process.
Don't sell out for too little or let your home stay on the market too long.A professional appraisal can help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate sales price is for your home - so you don't come up short or have your house on the market an unnecessarily long time - because we're experts in knowing how long homes are one the market.