Why you should order an appraisal

Thousands of people in Michigan purchase, sell or refinance their home each month. Most of these transactions include a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that might appear to be more prudent than an appraisal. Is obtaining a mortgage the only reason you should get an appraisal? Are there other times when the services of a certified, independent real estate professional might be beneficial? You bet.

Let RJE Real Estate Appraisal Service help you lower your mortgage payment

Appeal your tax assessment

It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your real estate, so if values have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the buyeris more than 80% of the actual value of the home, nearly all lenders ask homeowners to purchase this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate 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 will give you a statement regarding the value of your home. The cost of the appraisal can usually be offset in little time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is often complicated by the challenging decision of who gets the home, and it can be a very traumatic ordeal for both parties. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from RJE Real Estate Appraisal Service, regardless of the circumstances.

If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Ascertain a fair and accurate valuation for estate liquidation

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.

Move to or from Washtenaw County through an employee relocation program

We are familiar with the stress associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide input on the positive aspects of their property, along with information about any current sales or listings in their neighborhood that they want considered.

Close on your home quickly — at an accurate price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees rest on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to decide 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 properties stay on the market.

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