Why you should get an appraisal from RJE Real Estate Appraisal Service

Each year, thousands of people in Michigan purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation systems that might appear more cost-effective than an appraisal. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are additional cases when the services of a licensed, independent real estate professional might be beneficial.

Let RJE Real Estate Appraisal Service assist you in lowering your mortgage payment

Contest your tax assessment in Washtenaw County

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a previous assessment of your house, so if prices have gone down in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment.

PMI removal to reduce your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, many lenders ask home owners to purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring 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, RJE Real Estate Appraisal Service can provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be regained in little time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is a very traumatic experience for the parties involved, and it is often more complicated by the hard decision of who keeps the home. It's a good idea to order an appraisal from RJE Real Estate Appraisal Service 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 clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

The loss of a loved one is a hard 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

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

Relocate to or from Washtenaw County through an employee relocation program

We know the stress associated with an employee relocation. 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 neighborhood that they want considered during our intensive inspection.

Close on your home promptly — for the right price

Whether you choose 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 selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest 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 homesare on the market. So, obtaining a professional appraisal is a trusted 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.

Let RJE Real Estate Appraisal Service assist you in selling your home quickly at the right price