There are lots of reasons consumers call on Sullivan Appraisal ServicesYear after year, thousands of people in Wisconsin purchase, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation methods that may seem cheaper than an appraisal. You might believe that securing a mortgage is the only reason you should get an appraisal, but there are other cases when the services of a certified, independent real estate professional could be helpful.
Appeal your tax assessment in Vilas CountyIt's probable you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from Sullivan Appraisal Services is your best evidence. At Sullivan Appraisal Services,we can assist you in challenging your tax assessment.
Let Sullivan Appraisal Services help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the property, many lenders ask homeowners to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded 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 unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Sullivan Appraisal Services can provide you with a statement regarding the value of your home. 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.
Divorce settlement with less stressA divorce can be a very traumatic experience for both parties, and it is often even more complicated by the challenging decision of who keeps the house. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Sullivan Appraisal Services, regardless of the circumstances.
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.
Trustworthy estate liquidationThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for 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, guaranteeing the utmost degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up an uneven share of the total estate value, understanding the precise value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Sullivan Appraisal Services can help you with relocating to or from Vilas CountyWe are familiar with the headaches involved 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, as well as information regarding any current sales or listings in their neighborhood that they want considered during our detailed process.
Sell your home quickly at the right priceA professional appraisal can help you make a more informed decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal.
On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. 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 an unnecessarily long time - because we're experts in knowing how long homes stay on the market.