Reasons to order an appraisal from Milwaukee Appraisal CompanyTo many, an appraisal is simply another fee in the long list of items for a home sale or refinance. Most lenders still want a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation systems that may appear less expensive than an appraisal. But is obtaining a mortgage the only reason to acquire an appraisal? Are there other times when the services of a certified, independent real estate professional might come in handy? Absolutely.
Appeal your tax assessmentIf you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Milwaukee Appraisal Company is your best evidence when building your case. At Milwaukee Appraisal Company, we're capable of assisting you in disputing your tax assessment.
PMI removal will lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the property, nearly all lenders ask home buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Milwaukee Appraisal Company can provide you with a statement regarding the value of your home. The expense of the appraisal can generally be offset in just a few months because you'll no longer be paying the PMI.
An appraisal from Milwaukee Appraisal Company will help you settle a divorce with less stressA divorce is often complicated by the troublesome decision of who keeps the home, and it can be a particularly traumatic experience for both parties. It's a good idea to order an appraisal from Milwaukee Appraisal Company so both parties are fully aware of the true market value of their property, regardless of the situation.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation with Milwaukee Appraisal Company settling an estateThe 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 Market Value for the real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocating to or from the area?Moving due to a job change can be a more than just an inconvenience, and we understand. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive process, we suggest relocating employees to provide feedback on the positive features of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Let Milwaukee Appraisal Company assist you in selling your home quickly at the right priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't contingent upon the value we report, but rather they depend on our efforts to complete the appraisal.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable 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 houses are one the market.