Reasons to order an appraisal from RJE Real Estate Appraisal Service

To a lot of us, an appraisal is simply one more thing on the settlement sheet for a home sale or refinance. Nearly all lenders still want a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that may appear cheaper than an appraisal. You might think that getting a mortgage is the only reason to acquire an appraisal, but there are more 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

Challenge your tax assessment

It's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices have gone down in your area, 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 challenging your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the home buyeris more than 80% of the actual value of the home, many lenders ask homebuyers to take out this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

RJE Real Estate Appraisal Service can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is a very horrible event for the parties involved, and it is often further complicated by the hard decision of who keeps the property. So both parties are completely aware of the true market value of their home, it's a good idea to order an appraisal from RJE Real Estate Appraisal Service, regardless of the situation.

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

Ascertain an accurate and fair valuation for estate liquidation

The 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 Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. 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 significant importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Washtenaw County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive inspection.

Close on your home promptly — for an accurate price

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, seeking a professional appraisal is a trusted 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.

Let RJE Real Estate Appraisal Service help you sell your home quickly at the right price