Getting an appraisal from Appraisal MetricsThousands of people in Michigan buy, sell or refinance their home every year. Many of these transactions consist of a simple line item for an appraisal. Nearly all lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation methods that may appear more economical than an appraisal. You might believe that obtaining 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 beneficial.
Dispute your tax assessmentIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Appraisal Metrics is your best evidence. At Appraisal Metrics, we can assist you in disputing your tax assessment.
How can you do away with PMI to lower your mortgage payment?When the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, nearly all lenders ask home owners to purchase an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Appraisal Metrics can provide you with a statement regarding the value of your home, and the cost of the appraisal can often be recovered in little time because you'll no longer be paying the PMI.
An appraisal from Appraisal Metrics will help you settle a divorce with less stressA divorce can be a particularly traumatic ordeal for both parties, and it is often more complicated by the burdensome decision of who maintains the home. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from Appraisal Metrics, regardless of the circumstances.
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 gotten a fair evaluation.
Accurate and fair estate liquidation with Appraisal Metrics Settling an estateThe loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the correct value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Let Appraisal Metrics help you with relocatingEmployee relocation can be a more than just an inconvenience. We know where you're coming from. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest employees that are moving to provide feedback on the positive characteristics of their property, along with information about any new sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right priceA professional appraisal can help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't contingent upon the value we report, but rather they rest on our efforts to finish the appraisal.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, getting a professional appraisal is a trusted way to determine what improvements will add value and what an applicable 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.