Why order an appraisal from Precision Appraisal & Review?Thousands of people in Michigan purchase, sell or refinance their home every year. A lot of these transactions include a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are very high, even though there are a developing number of automated home valuation systems that might appear to be more prudent than an appraisal. But is obtaining a mortgage the only reason you should get an appraisal? Are there also times when the services of a licensed, independent real estate professional might be helpful? Of course.
Dispute your tax assessment in Wayne or Monroe CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your real estate, so if prices have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from Precision Appraisal & Review is your best evidence. We're qualified to assist you in disputing your tax assessment.
Precision Appraisal & Review can help you get rid of PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask homebuyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the home. This extra payment is often folded into the monthly mortgage payment and is quickly 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 passed 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.
If you'd like to do away with PMI, Precision Appraisal & Review can provide you with a statement regarding the value of your home. The expense of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the burdensome decision of who gets the house, and it can be a particularly heartbreaking event for both parties. Regardless of the circumstances, it's wise to get an appraisal from Precision Appraisal & Review so both parties are fully aware of the true market value of their home.
The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidation with Precision Appraisal & Review Settling an estateLosing a loved one is a hard 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. We ensure the highest 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 do not have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.
We understand the headaches associated with an employee relocation.
That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection.
During our intensive process, we suggest relocating employees to provide input on the positive aspects of their property, as well as information regarding any recent sales or listings in their area that they want considered.