Getting an appraisal from Appraisal Professionals

Thousands of people in Illinois buy, sell or refinance their home each month. Many of these transactions involve a simple line item for an appraisal. And even though there are a multiplying number of automated home valuation methods that might appear to be more cost-effective than an appraisal, the majority of lenders still want a local expert because the stakes are so high. But is obtaining a mortgage the only basis for getting an appraisal? Are there additional instances when the services of a certified, independent real estate professional might be helpful? Absolutely.


	If you're planning on any transaction where the worth of your property is a factor, you should contact Appraisal Professionals. Just click here.

Let Appraisal Professionals help you dispute your tax assessment in Madison County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Appraisal Professionals is your best evidence when building your case. At Appraisal Professionals, we're qualified to assist you in disputing your tax assessment.

Eliminating PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask home buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to dismiss the PMI installments when the balance is paid down to 78% of the original value.

Appraisal Professionals can provide you with a statement regarding the value of your home, and the cost of the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.

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

A divorce is often complicated by the challenging decision of who gets the property, and it can be a particularly heartbreaking occurrence for both parties. It's a good idea to get an appraisal from Appraisal Professionals so both parties are fully aware of the true market value of their home, regardless of the situation.

The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Settling an estate with peace of mind

Losing a loved one is a painful 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, guaranteeing the utmost degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Let Appraisal Professionals help you with relocating to or from Madison County

Moving due to a job change is a real painWe know where you're coming from. That's why we take great care in setting up 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 about any current sales or listings in their neighborhood that they want considered during our thorough process.

Sell your home quickly at the right price with an appraisal from Appraisal Professionals

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based on our efforts to perform the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable 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 an unnecessarily long time - because we're experts in knowing how long properties are one the market.