Ordering an appraisal from Blake Appraisal Corp.Thousands of people in Michigan buy, sell or refinance their home each year. Many of these transactions include a simple line item for an appraisal. While there are a developing number of automated home valuation processes that might appear to be more economical than an appraisal, most lenders still call for a local expert because the stakes are so high. You might believe that getting a mortgage is the only basis for getting an appraisal, but there are more situations when the services of a certified, independent real estate professional could be helpful.
Let Blake Appraisal Corp. help you appeal your tax assessment in Oakland CountyIt's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your real estate, so if prices have declined in your area, you can appeal your assessment and save money. When building your case, an appraisal from Blake Appraisal Corp. is your best evidence. We're capable of assisting you in disputing your tax assessment.
Let Blake Appraisal Corp. assist you in lowering your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask homeowners to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Blake Appraisal Corp. can give you a statement regarding the value of your home. The expense of the home valuation can often be regained in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a particularly traumatic event for both parties, and it is often further complicated by the burdensome decision of who keeps the property. It's a good idea to order an appraisal from Blake Appraisal Corp. so both parties are fully aware of the true market value of their house, regardless of the circumstances. Tell your attorney about us.
If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estate with peace of mindThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property 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 don't have dedicated estate planners or executors to take care of these matters, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing 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.
Selling your home quickly at the right priceA professional appraisal will help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Separate from 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 finish the appraisal report and not a percentage of the sales price.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to determine 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 houses are one the market.
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