Why you should order an appraisal from Mannion Appraisals

To a lot of us, an appraisal just looks like a line item on the break-sheet for a home sale or refinance. Even though there are an increasing number of automated home valuation systems that might appear more practical than an appraisal, the majority of lenders still want a local expert because the stakes are so high. Is securing a mortgage the only reason you should get an appraisal? Are there more instances when the services of a licensed, independent real estate professional might be beneficial? You bet.

Let Mannion Appraisals help you lower your mortgage payment

Challenge your tax assessment in Cook County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if prices have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in challenging your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask home owners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked 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.

If you'd like to get rid of PMI, Mannion Appraisals will produce a statement regarding the value of your home. The expense of the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.

Order your appraisal from Mannion Appraisals today

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Divorce settlement with less stress

A divorce can be a very daunting event for both parties, and it is often even more complicated by the troublesome decision of who maintains the home. Regardless of the situation, it's a good idea to get an appraisal from Mannion Appraisals so both parties are completely aware of the true market value of their home.

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

Ascertain an accurate and fair 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 entails 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, guaranteeing the highest degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Move to or from Cook County through an employee relocation program

We know the headaches associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered during our thorough inspection.

Close on your home quickly — 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. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.

On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable 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 properties stay on the market.

Let Mannion Appraisals assist you in selling your home quickly at the right price