Why you should order an appraisalTo a lot of us, an appraisal is simply another cost on the break-sheet for a home sale or refinance. The majority of lenders still want a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation methods that might appear more practical than an appraisal. But is getting a mortgage the only reason to get an appraisal? Are there more times when the services of a licensed, independent real estate professional could come in handy? Of course.
Dispute your tax assessment in Outagamie CountyIf you reside in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Chase Appraisal Service is your best evidence. At Chase Appraisal Service, we're equipped to assist you in challenging your tax assessment.How can you get rid of PMI to lower your mortgage payment?When the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, almost all lenders ask homebuyers to purchase an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder 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 implemented 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.Chase Appraisal Service will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be regained in just a few months because you'll no longer be paying the PMI. Don't sell out short or keep your home on the market too long.A professional appraisal can help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes stay on the market. So, seeking 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 too long, costing you time and money. |
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