Let Marketrend Appraisals handle your appraisalTo many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Practically all lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that may appear to be more economical than an appraisal. You might think that getting a mortgage is the only reason to get an appraisal, but there are additional instances when the services of a licensed, independent real estate professional might be helpful.
Challenge your tax assessment in Oakland CountyIt's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a previous assessment of your real estate, so if values have gone down in your area, you can challenge your assessment and save money. When building your case, an appraisal from Marketrend Appraisals is your best evidence. At Marketrend Appraisals, we're capable of assisting you in challenging your tax assessment.
How can you do away with PMI to lower your mortgage payment?When the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, nearly all lenders ask homebuyers to buy an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Marketrend Appraisals will provide you with a statement regarding the value of your home. The expense of the appraisal can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Marketrend AppraisalsA divorce is an especially heartbreaking ordeal for the parties involved, and it is often more complicated by the troublesome decision of who gets the property. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from Marketrend Appraisals, regardless of the circumstances.
The parties will have a better idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Fair and accurate estate liquidation with Marketrend Appraisals Settling an estateThe 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 Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Let Marketrend Appraisals assist you in relocating to or from Oakland CountyMoving due to a job change can be a more than just an inconvenience, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive process, we suggest relocating employees to provide remarks on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered.
Selling your home quickly at the right price with an appraisal from Marketrend AppraisalsA professional appraisal will 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. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value opinion we render, but rather they are based on our efforts to finish the appraisal.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, getting a professional appraisal is a trusted 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 too long, costing you time and money.