Reasons to order an appraisal from RJE Real Estate Appraisal Service

To a lot of us, an appraisal just looks like a line item on the settlement sheet for a home sale or refinance. The majority of lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that may appear more prudent than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a certified, independent real estate professional might be beneficial.

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 depreciated. Property taxes are determined by a past assessment of your home, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from RJE Real Estate Appraisal Service is your best evidence when building your case. At RJE Real Estate Appraisal Service, we're qualified to assist you in appealing your tax assessment.

Removing PMI for mortgage payments

When the amount being loaned to the homeowneris more than 80% of the actual value of the home, almost all lenders ask homeowners to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

RJE Real Estate Appraisal Service can produce a statement regarding the value of your home, and the price you paid for the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.

Order your appraisal from RJE Real Estate Appraisal Service today

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Divorce settlement with fewer hang-ups

A divorce is a particularly traumatic event for the parties involved, and it is often more complicated by the difficult decision of who maintains the house. It's a good idea to get an appraisal from RJE Real Estate Appraisal Service so both parties are entirely aware of the true market value of their house, regardless of the circumstances.

If the parties wish to sell the home, they'll have a a good 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 assessment.

Determine a fair and accurate valuation for estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires 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, ensuring the utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding 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 for work

Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any current sales or listings in their area that they want considered.

Close on your home promptly — for an accurate price

Whether you want 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 asking price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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.

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