Reasons to get an appraisalThousands of people in Illinois purchase, sell or refinance their home every month. Most of these transactions contain a simple line item for an appraisal. And while there are an increasing number of automated home valuation processes that may seem more prudent than an appraisal, nearly all lenders still need a local expert because the stakes are very high. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are more times when the services of a certified, independent real estate professional might be beneficial.
Let Sandcastle Management & Realty help you appeal your tax assessment in Cook CountyIf you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Sandcastle Management & Realty is your best evidence. We're capable of assisting you in challenging your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask home owners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Sandcastle Management & Realty will produce a statement regarding the value of your home. The cost of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is often complicated by the burdensome decision of who keeps the home, and it can be an especially traumatic ordeal for both parties. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Sandcastle Management & Realty, regardless of the circumstances.
The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation with help from Sandcastle Management & RealtySettling an estateLosing a loved one is a difficult 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, guaranteeing the fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. 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 significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocating to or from Cook CountyMoving due to a job change can be a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information about any new sales or listings in their area that they want considered during our intensive process.
Sell your home quickly at the right priceA professional appraisal will 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. 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 are based on our efforts to perform the appraisal report and not a percentage of the sales price.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to decide 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.