Why you should order an appraisal from Stacey Stanich Appraisal Service, Inc.
To many, an appraisal just looks like a line item on the settlement sheet for a mortgage or refinance. Nearly all lenders still want a local expert because the stakes are very high, even though there are a budding number of automated home valuation systems that might seem less expensive than an appraisal. Is securing a mortgage the only reason to get an appraisal? Are there other situations when the services of a certified, independent real estate professional could come in handy? Of course.
Challenge your tax assessment
If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Stacey Stanich Appraisal Service, Inc. is your best evidence when building your case. At Stacey Stanich Appraisal Service, Inc., we're equipped to assist you in disputing your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask homebuyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. This extra payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
Stacey Stanich Appraisal Service, Inc. can produce a statement regarding the value of your home, and the expense of the home valuation can generally be regained in little time because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce is a very daunting ordeal for the parties involved, and it is often more complicated by the strenuous decision of who keeps the property. So both parties are fully aware of the true market value of their house, it's a good idea to order an appraisal from Stacey Stanich Appraisal Service, Inc., regardless of the situation.
If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
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 requires 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, guaranteeing the fullest degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. And seeing that 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 received an honest deal.
Relocate to or from Kenosha County for work
We know the headaches associated with an employee relocation. 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 attributes of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our thorough inspection.
Sell your home quickly — 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 regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.
On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, obtaining a professional appraisal is a trusted way to decide 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.