Appraisal services for Traverse City and Grand Traverse County homeowners
Here are the top 7 reasons MI homeowners use North Wing Appraisal:
Own a home in or near Traverse City, MI and need help deciding the value of it?
We at North Wing Appraisal understand the particular needs of a homeowner looking for appraisal services. The appraisal process and reporting formats are familiar to our business clients like lenders, lawyers, and accountants. Being a person not in the real estate industry that ordinarily doesn't see an appraisal every day,you can expect extra guidance and explanations through the appraisal process to better understand what we do and how we document the results of our analysis.
For Sale By Owner (FSBO)/Pre-Listing Services
It's very hard to be objective about your own home because you most likely have an emotional attachment to it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is very crucial 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 concrete to show the buyer. It's an independent third party's opinion of your house's price, and not just how much you think your home is worth. Interested buyers know that you have an emotional attachment to your house and will be far more likely to give credibility to a seasoned appraiser's value assessment than yours.
Need to remove PMI?
PMI stands for Private Mortgage Insurance. A popular money saver for homeowners is getting the PMI removed from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan amount is below 80% of the value of your property, in most cases you can apply to the lender to have the PMI eliminated from your loan, which will make your monthly payments go down. We are seasoned in helping clients just like you remove unneeded and unwanted PMI insurance.
Challenge a property tax assessment
Lets say your home is not appreciating as much as other homes close by -- your local tax assessor may have your house overvalued. This means you're paying higher taxes than you should be paying. The sooner you take care of things like this, the better, since your property assessment may likely go up again in the next period. Getting an appraisal from North Wing Appraisal is your best weapon when contesting your property tax assessment.
Was your HELOC recently frozen?
If your home is close to a declining area, your lender might just choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can this be inopportune from a cash flow viewpoint, and unfavorable to your credit score since it may appear as though that credit line is maxed out. North Wing Appraisal can help you reinstate your home equity line of credit with a professional appraisal.
Field and Desktop Appraisal Review Services
Do you need a professional to double-check your appraisal for accuracy, or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? We can go out and check the subject and comps in question in a field review. If you need it in a rush, 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 report you may have had in the past. While usually requested by banks, you may want to utilize this service if you suspect mortgage fraud related to your house.