There are lots of reasons the public calls on Appraisal Now

Thousands of people in Michigan purchase, sell or refinance their home every year. Most of these transactions contain a simple line item for an appraisal. Nearly all lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation processes that might appear cheaper than an appraisal. You might think that getting a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could come in handy.


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Challenge your tax assessment in Oakland County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your house, so if values have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Appraisal Now is your best evidence. We're qualified to assist you in challenging your tax assessment.

Getting rid of your PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that most lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI payments when the balance is paid down to 78% of the original value.

Appraisal Now will produce a statement regarding the value of your home, and the price you paid for the home valuation can usually be regained in little time because you'll no longer be paying the PMI.

An appraisal from Appraisal Now will help you settle a divorce with less stress

A divorce is often complicated by the difficult decision of who keeps the property, and it can be a very heartbreaking occurrence for both parties. Regardless of the situation, it's prudent to order an appraisal from Appraisal Now so both parties are completely aware of the true market value of their home.

The parties will have a clearer picture 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 gotten a fair evaluation.

Fair and accurate estate liquidation with help from Appraisal NowSettling an estate

Losing 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. 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).

Most Americans don't have dedicated estate planners or executors to manage these matters, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocating to or from Oakland County?

Employee relocation is a real painWe know where you're coming from. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any recent sales or listings in their area that they want considered during our thorough process.

Selling your home quickly at the right price with an appraisal from Appraisal Now

Whether you choose 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 when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, obtaining a professional appraisal is a trusted way to decide 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 for an extended amount of time.