Attention homeowners in Ferndale and Oakland County: Need an appraisal?
The top seven reasons why MI homeowners hire Property Valuation Group:
Own a home in or near Ferndale, MI and need help determining the price of it?
At Property Valuation Group, we understand the unique needs of a homeowner after 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.
For Sale By Owner (FSBO)/Pre-Listing Services
Since you have an emotional attachment to your home, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic selling price so your property will attract buyers, a professional appraisal is very valuable as a negotiating tool once you have a potential buyer. The appraisal is something concrete to show the buyer. An appraisal is an independent third party's opinion of your property's value -- not just how much you think your home is worth. Potential buyers assume you have an emotional attachment to your home and will be much more likely to give credibility to an experienced appraiser's value judgement than yours.
PMI Removal Appraisals
PMI stands for Private Mortgage Insurance. A preferred way to cut costs for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. 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 canceled from your loan. Property Valuation Group is qualified in helping people just like you remove unwanted and unneeded PMI insurance.
Challenging a property tax assessment
Lets say your home is not appreciating as much as other houses close to yours -- your local tax assessor may have your home overvalued. This only means you are paying higher taxes than you should be paying. The faster you take care of things like this, the better off you'll be, since your property assessment may likely go up again in the next period. An appraisal report from Property Valuation Group is your best weapon when contesting your property tax assessment.
HELOC recently frozen?
Your lender might just decide to automatically freeze your home equity line of credit (HELOC) if your house is in or near a declining area -- even if your specific property has not declined in value. This can be be bad for your credit score since it may appear as though that credit line is maxed out, and also troublesome from a cash flow point of view. Property Valuation Group can provide you with an expert appraisal that will help you reinstate your HELOC.
Field and Desktop Appraisal Review Services
Have you just gotten a copy of your appraisal and you would wish to have an expert double-check it for verity or do you want a second opinion without the charge and delay of waiting for a whole new appraisal? An appraiser from Property Valuation Group can go out and check the subject and comparables in a field review. Or, if you need it ASAP, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.
Need a retrospective review of an appraisal? We can help you with that While typically requested by banks, you may desire to make use of this service if you suspect mortgage fraud related to your house.