Reasons to order an appraisalTo a lot of people, an appraisal just looks like one more thing in the long list of items 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 methods that might appear to be more economical than an appraisal. You might believe that securing a mortgage is the only basis for getting an appraisal, but there are more cases when the services of a certified, independent real estate professional could come in handy. 
Appeal your tax assessmentIf you live in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from Community Appraisal is your best evidence when building your case. At Community Appraisal, we're equipped to assist you in challenging your tax assessment. Eliminating PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask homebuyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. This added payment is often folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. 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. If you'd like to get rid of PMI, Community Appraisal will provide you with a statement regarding the value of your home. The expense of the home valuation can often be offset in just a few months because you'll no longer be paying the PMI. Get your appraisal from Community Appraisal Order todayGet a clear valuation on a home take make a divorce settlement less stressfulA divorce is a very traumatic experience for the parties involved, and it is often even more complicated by the burdensome decision of who gets the property. 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, regardless of the situation. If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Ascertain a fair and accurate valuation for estate liquidationLosing a loved one is a difficult 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. We guarantee 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 handle these affairs. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal. Relocate to or from Oakland County through an employee relocation programEmployee relocation is a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide input on the positive features of their property, as well as information about any recent sales or listings in their neighborhood that they want considered. Close on your home promptly — at an accurate priceWhether you decide 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 regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price. On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, getting a professional appraisal is a reliable way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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