Reasons to get an appraisalThousands of people in Michigan buy, sell or refinance their home each year. Most of these transactions have a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that might appear to be more economical than an appraisal. You might think that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could be beneficial. 
Challenge your tax assessmentIf you are in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from West Michigan Appraisal is your best evidence when building your case. We can assist you in appealing your tax assessment. PMI removal to reduce a mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask homebuyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. This added payment is often folded into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary when the remaining 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 invoked 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. West Michigan Appraisal can produce a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI. Order your appraisal from West Michigan Appraisal today Order todayGet a fair valuation on a home for divorce settlementsA divorce can be an especially daunting experience for both parties, and it is often more complicated by the burdensome decision of who keeps the property. So both parties are completely aware of the true market value of their property, it's a good idea to get an appraisal from West Michigan Appraisal, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Fair and accurate estate liquidationThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair 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 maximum degree of discretion. Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. And since a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal. Relocate to or from Manistee County for workWe are familiar with the headaches involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, along with information regarding any current sales or listings in their area that they want considered during our intensive inspection. Close on your home quickly — for an accurate priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price. On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable way to determine 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. 
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