Let North Wing Appraisal serve your appraisal needs
To a lot of people, an appraisal just looks like one more thing on the break-sheet for a home purchase or refinance. Practically all lenders still call in a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that might seem less expensive than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there other situations when the services of a certified, independent real estate professional might be beneficial? Of course.
Challenge your tax assessment in Grand Traverse County
It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your house, so if values have gone down in your neighborhood, you can appeal your assessment and save money. An appraisal from North Wing Appraisal is your best evidence when building your case. At North Wing Appraisal, we're qualified to assist you in challenging your tax assessment.
Remove PMI to lower your mortgage payment
When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, almost all lenders ask homeowners to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, North Wing Appraisal will give you a statement regarding the value of your home. The price you paid for the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.
Get your appraisal from North Wing AppraisalOrder today
Divorce settlement with less stress
A divorce is a particularly horrible ordeal for the parties involved, and it is often more complicated by the burdensome decision of who maintains the property. Regardless of the circumstances, it's a good idea to order an appraisal from North Wing Appraisal so both parties are entirely aware of the true market value of their property.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain a fair and accurate valuation for estate liquidation
The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. 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 essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Grand Traverse County for work
Employee relocation is a stressful event, and we understand. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide input on the positive characteristics of their property, along with information about any recent sales or listings in their area that they want considered.
Close on your home promptly — for an accurate price
A professional appraisal can help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to decide 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 homes stay on the market.