Let Community Appraisal serve your appraisal needs
Each year, thousands of people in Michigan buy, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. Even though there are a growing number of automated home valuation systems that may appear to be cheaper than an appraisal, practically all lenders still call in a local expert because the stakes are very high. Is getting a mortgage the only basis for getting an appraisal? Are there also cases when the services of a certified, independent real estate professional could be helpful? Of course.
Challenge your tax assessment in Oakland County
If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Community Appraisal is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask homebuyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. Seeing that extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because 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. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Community Appraisal can provide you with a statement regarding the value of your home, and the expense of the home valuation can usually be offset in little time because you'll no longer be paying the PMI.
Order an appraisal from Community AppraisalOrder today
Divorce settlement with fewer hang-ups
A divorce is often complicated by the challenging decision of who gets the house, and it can be an especially daunting ordeal for both parties. Regardless of the situation, it's a good idea to order an appraisal from Community Appraisal so both parties are completely aware of the true market value of their home.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain a fair and accurate valuation for estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails 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 highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthier 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 essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocate to or from Oakland County for work
Employee relocation can be a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our intensive inspection.
Sell your home quickly — for the right price
A professional appraisal can help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, seeking 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.