carey schmidt,LLC in fenton do appraisals for numerous reasons

To many, an appraisal is simply another fee on the settlement sheet for a home purchase or refinance. And while there are a growing number of automated home valuation processes that might appear cheaper than an appraisal, the majority of lenders still need a local expert because the stakes are very high. But is securing a mortgage the only reason you should get an appraisal? Are there more instances when the services of a certified, independent real estate professional might come in handy? Of course.


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Challenge your tax assessment in Genesee County

If 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 carey schmidt,LLC is your best evidence. At carey schmidt,LLC, we're qualified to assist you in appealing your tax assessment.

PMI removal will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask homeowners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Most often, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is bad because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

carey schmidt,LLC can produce a statement regarding the value of your home, and the price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.

An appraisal from carey schmidt,LLC will help you settle a divorce with less stress

A divorce can be a very traumatic experience for both parties, and it is often further complicated by the troublesome decision of who gets the house. It's a good idea to get an appraisal from carey schmidt,LLC so both parties are completely aware of the true market value of their house, regardless of the situation.

If the parties wish to sell the home, they'll have a better idea 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.

Fair and accurate estate liquidation

Losing 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to manage these matters, unlike wealthy individuals. And seeing that 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 vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Let carey schmidt,LLC help you with relocating to or from Genesee County

Moving due to a job change can be a stressful event, and we understand. We take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information about any recent sales or listings in their area that they want considered during our intensive process.

Selling your home quickly at the right price

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. Unlike 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 opinion we render, but rather they are based on our efforts to finish the appraisal.

On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to determine what improvements will add value and what a suitable 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 houses stay on the market.