6 Reasons you should order an appraisal from RJE Real Estate Appraisal Service

To many, an appraisal is simply one more thing on the settlement sheet for a home sale or refinance. And even though there are an increasing number of automated home valuation processes that may seem more practical than an appraisal, nearly all lenders still need a local expert because the stakes are very high. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are more situations when the services of a certified, independent real estate professional could be beneficial.

Let RJE Real Estate Appraisal Service assist you in lowering your mortgage payment

Dispute your tax assessment in Washtenaw County

If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At RJE Real Estate Appraisal Service, we're qualified to assist you in disputing your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the home owneris more than 80% of the actual value of the real estate, almost all lenders ask homebuyers to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, RJE Real Estate Appraisal Service can provide you with a statement regarding the value of your home. The price you paid for the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is a very daunting event for the parties involved, and it is often further complicated by the strenuous decision of who keeps the house. Regardless of the situation, it's a good idea to get an appraisal from RJE Real Estate Appraisal Service so both parties are fully aware of the true market value of their property.

The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Determine an accurate and fair valuation for estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Washtenaw County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.

Close on your home quickly — for the right price

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.

We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to determine what improvements will add value and what a suitable 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 stay on the market.

Let RJE Real Estate Appraisal Service assist you in selling your home quickly at the right price