Let AnDel Appraisals handle your appraisal needs
To many, an appraisal just looks like another fee on the break-sheet for a home purchase or refinance. Almost all lenders still want a local expert because the stakes are so high, even though there are an increasing number of automated home valuation systems that may seem more economical than an appraisal. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are more times when the services of a licensed, independent real estate professional might be helpful.
Dispute your tax assessment in Cook County
It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your real estate, so if values have gone down in your neighborhood, you can challenge your assessment and save money. An appraisal from AnDel Appraisals is your best evidence when building your case. At AnDel Appraisals, we're capable of assisting you in challenging your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask homeowners to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. This added payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
AnDel Appraisals can give you a statement regarding the value of your home, and the price you paid for the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce is often complicated by the difficult decision of who gets the property, and it can be a very traumatic experience for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from AnDel Appraisals so both parties are fully aware of the true market value of their home.
The parties will have a better idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation
Losing 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 residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up an unequal share of the total estate value, understanding 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 setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, as well as information about any new sales or listings in their area that they want considered during our detailed inspection.
Close on your home promptly — for the right price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare 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.