Why you should get an appraisal from Andel Appraisals

To many, an appraisal just looks like a line item on the settlement sheet for a home purchase or refinance. And while there are a budding number of automated home valuation processes that may appear more economical than an appraisal, almost all lenders still call in a local expert because the stakes are very high. You might think that securing a mortgage is the only reason to get an appraisal, but there are other situations when the services of a certified, independent real estate professional might be helpful.

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Challenge your tax assessment in Cook County

If you are in an area where the property value has 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 Andel Appraisals, we're equipped to assist you in disputing your tax assessment.

Get rid of PMI to lower your mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the property, most lenders ask homebuyers to buy this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Andel Appraisals can produce a statement regarding the value of your home, and the expense of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce can be a very horrible event for both parties, and it is often further complicated by the burdensome decision of who maintains the house. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from Andel Appraisals, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Accurate and fair estate liquidation

Losing 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Move to or from Cook County for work

Employee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide input on the positive features of their property, as well as information about any recent sales or listings in their area that they want considered.

Sell your home quickly — for the right price

A professional appraisal will help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report.

We determine 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 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, because we're experts in knowing how long homes are one the market.

Let Andel Appraisals help you sell your home quickly at the right price