Attention homeowners: Real estate appraisal services for in Bloomfield Hills and Oakland County
Here are the top 7 reasons Michigan homeowners hire Peak Appraisals, Inc.:
Do you own a home in or near Bloomfield Hills? Do you need help determining the value of your real estate?
We at Peak Appraisals, Inc. understand the particular needs of a homeowner in need of appraisal services. Our business practices and reporting formats are familiar to our business clients like banks, attorneys, and accountants. Being a regular consumer that most likely doesn't see an appraisal every day,you will receive extra guidance and explanations through the appraisal process to understand what we do and how we present our conclusions.
Pre-listing Services/For Sale By Owner
It's very hard to be objective about your home because of your emotional attachment to it. Professional appraisers, like the ones at Peak Appraisals, Inc., are objective. We will tell you what you need to know, not just what you want to hear. A professional appraisal is a crucial negotiating tool once you have an interested buyer, in addition to helping you set a realistic selling price so your property will attract buyers. It's something tangible to show the buyer. An appraisal is an independent third party's opinion of your property's value -- not just you saying how much your house is worth. Interested buyers know that you have an emotional attachment to your house and will be much more likely to give credibility to a professional appraiser's value report than yours.
Appraisals to remove PMI
A popular way to save money for homeowners is getting the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan amount is below 80% of the value of your home. In most cases you can apply to a lender to have the PMI eliminated from your loan. At Peak Appraisals, Inc., we're experienced in helping folks just like you abolish unwanted and unneeded PMI insurance.
Challenging a property tax assessment
If you live in an area that is declining or not appreciating as much as other properties close to yours, your local tax assessor may have your house overvalued. This only means you are probably paying higher taxes than you should be paying. The earlier you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. An appraisal report from Peak Appraisals, Inc. is your chief weapon when challenging your property tax assessment.
Was your HELOC recently frozen?
If your property is in or near a declining area, your lender may choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can this be unsuitable from a cash flow standpoint, and harmful to your credit score since it may appear as though that credit line is maxed out. A professional appraisal from Peak Appraisals, Inc. can help you reinstate your HELOC.
Need Field and Desktop Appraisal Review Services?
Would you wish a second opinion without the added cost and delay of waiting for a whole new appraisal? Or do you desire a seasoned professional to double-check your appraisal for preciseness? In a field review we'll go out and check the subject and comps. Or, if you need it in a rush, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.
Do you need a retrospective review of an appraisal? Peak Appraisals, Inc. can We can assist you. Even though this is typically requested by banks, you may wish to employ this service if you suspect mortgage fraud related to your home.