Let RJE Real Estate Appraisal Service take care of your appraisal needs
Every year, thousands of people in Michigan buy, sell or refinance their home. Most of these transactions involve a simple line item for an appraisal. Practically all lenders still need a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation methods that may appear more cost-effective than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there other situations when the services of a certified, independent real estate professional might be helpful? You bet.
Challenge your tax assessment
If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from RJE Real Estate Appraisal Service is your best evidence when building your case. At RJE Real Estate Appraisal Service, we're equipped to assist you in challenging your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the buyeris more than 80% of the actual value of the home, most lenders ask home buyers to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, RJE Real Estate Appraisal Service can produce a statement regarding the value of your home. The cost of the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from RJE Real Estate Appraisal ServiceOrder today
Get a clear valuation on a home take make a divorce settlement less stressful
A divorce is an especially daunting ordeal for the parties involved, and it is often further complicated by the difficult decision of who keeps the property. Regardless of the situation, it's a good idea to get an appraisal from RJE Real Estate Appraisal Service so both parties are completely aware of the true market value of their home.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation
The 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 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 do not have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, 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.
Relocate to or from Washtenaw County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing 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 recent sales or listings in their area that they want considered during our intensive inspection.
Close on your home promptly — at an accurate price
Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete the appraisal report and not a percentage of the sales price.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to decide 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, because we're experts in knowing how long properties are one the market.