Attention homeowners: Real estate appraisal services for in Hinsdale and Dupage County
Here are the top reasons IL homeowners call on American Real Estate Appraisal:
Do you own a home in or near Hinsdale? Do you need help determining the value of your real estate?
We at American Real Estate Appraisal understand the particular needs of a homeowner in need of appraisal services. While our typical clients understand the appraisal process and standard reporting formats, you as a consumer will get extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
Pre-listing Services/For Sale By Owner (FSBO)
Since you have an emotional attachment to your house, it's often very hard to be objective about it. The professional appraisers at American Real Estate Appraisal will tell you what you need to know -- not just what you want to hear. We are objective. A professional appraisal is very important as a negotiating tool once you have an interested buyer, in addition to helping you set a realistic price to sell at so your property will attract many interested buyers. It gives you something tangible to show the buyer. An appraisal is an independent third party's opinion of your house's price -- not just you saying how much you think your home is worth. Potential buyers assume you have an emotional attachment to your house and will be more likely to give credibility to an accomplished appraiser's value estimation than yours.
Appraisals to remove PMI
A fashionable money saver for homeowners is getting the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan is less than 80% of the value of your home. In most cases you can apply to a lender to have the PMI removed from your loan. We are seasoned in helping customers just like you abolish unwanted and unneeded PMI insurance.
Challenge property tax assessments
Your local tax assessor may have your house overvalued if your home not appreciating as much as other houses close by. This only means you're paying higher taxes than you should be paying. The faster you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. When challenging your property tax assessment, getting a professional appraisal from American Real Estate Appraisal is your best weapon.
HELOC recently frozen?
If your home is in a declining area, your lender might choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be be detrimental to your credit score since it may appear as though that credit line is maxed out, and also inopportune from a cash flow standpoint. An appraisal from American Real Estate Appraisal can help you reinstate your HELOC.
We Provide Field and Desktop Appraisal Review Services
Have you just been handed a copy of your appraisal and you would wish to have a veteran appraiser double-check it for accuracy or do you want a second opinion without the charge and delay of waiting for a whole new appraisal? We can go out and check the subject and comparables in question in a field review. If you need it ASAP, we'll provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.
We can also provide a retrospective review of any appraisal you may have in your possession. While typically requested by banks, you may need to make use of this service if you suspect mortgage fraud related to your property.