Reasons to get an appraisal from Andel Appraisals

To a lot of people, an appraisal just looks like one more thing in the long list of items for a mortgage or refinance. Practically all lenders still need a local expert because the stakes are so high, even though there are an increasing number of automated home valuation systems that might appear to be more cost-effective than an appraisal. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are other situations when the services of a licensed, independent real estate professional could be helpful.

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Appeal your tax assessment

If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Andel Appraisals is your best evidence when building your case. At Andel Appraisals, we're capable of assisting you in disputing your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

Andel Appraisals will give you a statement regarding the value of your home, and the cost of the appraisal 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 ordeal for both parties, and it is often further complicated by the strenuous decision of who keeps the property. Regardless of the circumstances, it's a good idea to get an appraisal from Andel Appraisals so both parties are entirely aware of the true market value of their home.

The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Determine an accurate and fair valuation for estate liquidation

The death of 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Cook County for work

Employee relocation is 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 characteristics of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection.

Sell your home quickly — for the right price

A professional appraisal will help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.

We determine 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 housesare on the market. So, obtaining a professional appraisal is a reliable 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 Andel Appraisals assist you in selling your home quickly at the right price