Reasons to order an appraisalThousands of people in Wisconsin buy, sell or refinance their home every month. Most of these transactions include a simple line item for an appraisal. And even though there are a growing number of automated home valuation systems that may appear cheaper than an appraisal, most lenders still call for a local expert because the stakes are so high. You might believe that obtaining a mortgage is the only basis for getting an appraisal, but there are additional instances when the services of a certified, independent real estate professional might be helpful.
Let Adamovich Appraisals help you challenge your tax assessment in Vilas CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your house, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from Adamovich Appraisals is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.
Let Adamovich Appraisals help you lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the property, most lenders ask home owners to buy an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
Adamovich Appraisals will provide you with a statement regarding the value of your home, and the cost of the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Adamovich AppraisalsA divorce is a very heartbreaking ordeal for the parties involved, and it is often more complicated by the challenging decision of who keeps the property. So both parties are completely aware of the true market value of their house, it's a good idea to order an appraisal from Adamovich Appraisals, regardless of the situation.
The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Fair and accurate estate liquidation with Adamovich AppraisalsSettling an estateLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. And since a home or other property often makes up an uneven share of the total estate value, understanding the certain value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Adamovich Appraisals can help you with relocating to or from Vilas CountyMoving due to a job change can be a real pain, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our intensive process.
Selling your home quickly at the right priceA professional appraisal will help you make a more informed decision when determining your selling 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 price the house sells for, which is different than the interest of real estate agents. The price we charge isn't related to the sales price, but rather they are calculated on our efforts to finish the appraisal.
On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, obtaining 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 for an extended amount of time.