Let Michelle Abell handle your appraisalTo a lot of us, an appraisal is simply a line item on the settlement sheet for a home purchase or refinance. And even though there are a budding number of automated home valuation methods that might appear more economical than an appraisal, the majority of lenders still need a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are other cases when the services of a licensed, independent real estate professional might be beneficial.
Challenge your tax assessment in DuPage CountyIf you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Michelle Abell is your best evidence when building your case. At Michelle Abell,we can assist you in disputing your tax assessment.
Michelle Abell can help you eliminate PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask home buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
Michelle Abell can give you a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce is often complicated by the troublesome decision of who maintains the house, and it can be a very heartbreaking ordeal for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from Michelle Abell so both parties are fully aware of the true market value of their house.
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.
Settling an estate with peace of mindLosing 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 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 utmost degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the precise value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.
Let Michelle Abell help you with relocating to or from Kane CountyWe understand the stress associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, along with information about any current sales or listings in their area that they want considered during our intensive process.
Don't sell out short or keep your home on the market too long.A professional appraisal will help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance 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.
We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, obtaining a professional appraisal is a reliable way to decide 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 for an extended amount of time.