Reasons to choose an appraisal from RJE Real Estate Appraisal Service

Year after year, thousands of people in Michigan buy, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. While there are a growing number of automated home valuation methods that might seem more practical than an appraisal, nearly all lenders still want a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a licensed, independent real estate professional could be helpful.

Let RJE Real Estate Appraisal Service assist you in lowering your mortgage payment

Dispute your tax assessment

If you are 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 us is your best evidence. At RJE Real Estate Appraisal Service, we're qualified to assist you in disputing your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, many lenders ask homeowners to take out this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is folded into the monthly mortgage payment and is soon forgotten. This is damaging because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

RJE Real Estate Appraisal Service can provide you with a statement regarding the value of your home, and the cost of the home valuation can often be offset in little time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the challenging decision of who keeps the home, and it can be a very daunting ordeal for both parties. It's a good idea to order an appraisal from RJE Real Estate Appraisal Service so both parties are completely aware of the true market value of their property, regardless of the circumstances.

If the parties wish to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Determine a fair and accurate valuation for estate liquidation

The 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 Fair Market Value for the real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Washtenaw County for work

Employee relocation is a stressful event, and we understand. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide input on the positive features of their property, along with information about any recent sales or listings in their area that they want considered.

Close on your home promptly — for the right price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.

We analyze 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 propertiesstay on the market. So, seeking a professional appraisal is a trusted way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let RJE Real Estate Appraisal Service assist you in selling your home quickly at the right price