Getting an appraisal from Leese Appraisal ServiceThousands of people in Michigan buy, sell or refinance their home each month. A lot of these transactions consist of a simple line item for an appraisal. And even though there are a developing number of automated home valuation systems that may appear more economical than an appraisal, most lenders still need a local expert because the stakes are so high. But is obtaining a mortgage the only reason to acquire an appraisal? Are there also instances when the services of a certified, independent real estate professional might come in handy? Absolutely.
Challenge your tax assessment in Ottawa CountyIt's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Leese Appraisal Service is your best evidence. We're equipped to assist you in challenging your tax assessment.
PMI removal will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Leese Appraisal Service can produce a statement regarding the value of your home. The price you paid for the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be an especially traumatic event for both parties, and it is often more complicated by the strenuous decision of who gets the property. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Leese Appraisal Service, regardless of the situation.
The parties will have a good idea 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 received a fair evaluation.
Settling an estate with peace of mindThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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).
Most Americans don't have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. 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 significant importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocating to or from Ottawa CountyMoving due to a job change can be a stressful event. We know where you're coming from! That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any current sales or listings in their area that they want considered during our intensive process.
Selling your home quickly at the right price with an appraisal from Leese Appraisal ServiceWhether 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 more informed decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable 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 - because we're experts in knowing how long properties are one the market.