Let Trust Real Estate Appraisal Services PLC serve your appraisal needs
To many, an appraisal just looks like another fee in the long list of items for a home sale or refinance. And even though there are a budding number of automated home valuation methods that may seem more economical than an appraisal, the majority of lenders still need a local expert because the stakes are incredibly high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be helpful.
Challenge your tax assessment in West Michigan
If you are in an area where the value of a property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Trust Real Estate Appraisal Services PLC is your best evidence when building your case. We're equipped to assist you in appealing your tax assessment.
Remove PMI to lower your mortgage payment
When the amount being loaned to the homeowner is more than 80% of the actual value of the property, many lenders ask buyers to buy this added insurance plan. That policy is Private Mortgage Insurance or PMI. Most often, this extra payment is folded into the monthly mortgage payment and is soon forgotten. This is bad because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Trust Real Estate Appraisal Services PLC can provide you with a statement regarding the value of your home, and the expense of the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce can be an especially daunting event for both parties, and it is often even more complicated by the troublesome decision of who gets the home. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Trust Real Estate Appraisal Services PLC, regardless of the circumstances.
If the parties need to sell the home, they'll have 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 received a fair assessment.
Ascertain an accurate and fair valuation for estate liquidation
The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Move to or from West Michigan for work
Employee relocation can be a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considering during our detailed inspection.
Sell your home promptly — for an accurate price
A professional appraisal can help you make a more informed decision regarding your asking price, whether you want to sell your home on your own or with the help of a real estate agent. 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 are based on our efforts to finish the appraisal report.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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 homes are on the market.
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