Getting an appraisal from Stevenson Appraisal CompanyTo a lot of us, an appraisal is simply a line item on the break-sheet for a mortgage or refinance. Almost all lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that might appear cheaper than an appraisal. But is securing a mortgage the only reason to get an appraisal? Are there also situations when the services of a certified, independent real estate professional might be helpful? You bet.
Dispute your tax assessment in Winnebago CountyIt's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, 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 Stevenson Appraisal Company is your best evidence when building your case. At Stevenson Appraisal Company,we can assist you in challenging your tax assessment.
How can you do away with PMI to lower your mortgage payment?When the amount being loaned to the buyer is more than 80% of the actual value of the property, almost all lenders ask home owners to take out an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked 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.
Stevenson Appraisal Company will provide you with a statement regarding the value of your home, and the expense of the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.
An appraisal from Stevenson Appraisal Company will help you settle a divorce with less stressA divorce is an especially heartbreaking ordeal for the parties involved, and it is often even more complicated by the troublesome decision of who keeps the house. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Stevenson Appraisal Company, regardless of the situation.
The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation with help from Stevenson Appraisal CompanySettling an estateThe death of a loved one is a hard 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 guarantee 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 take care of these matters, unlike wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocating to or from Winnebago CountyMoving due to a job change is a real pain, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed process, we encourage employees that are moving to provide feedback on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered.
Sell your home quickly at the right price with an appraisal from Stevenson Appraisal CompanyWhether 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 asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to determine 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 properties stay on the market.