Why would you need an appraisal from Certified Residential Appraisal, Inc.?

Thousands of people in Illinois purchase, sell or refinance their home every year. Many of these transactions include a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation methods that may appear less expensive than an appraisal. You might believe that securing a mortgage is the only reason to acquire an appraisal, but there are additional times when the services of a certified, independent real estate professional could come in handy.


	For real estate appraisals in Oak Forest and Cook County, it's easiest when your order online from Certified Residential Appraisal, Inc., just click here.

Let Certified Residential Appraisal, Inc. help you challenge your tax assessment in Cook County

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Certified Residential Appraisal, Inc. is your best evidence when building your case. At Certified Residential Appraisal, Inc., we're capable of assisting you in appealing your tax assessment.

Certified Residential Appraisal, Inc. can help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the home owner is more than 80% of the actual value of the property, many lenders ask buyers to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove 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, Certified Residential Appraisal, Inc. will produce a statement regarding the value of your home. The expense of the home valuation can generally be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a very traumatic experience for both parties, and it is often more complicated by the hard decision of who gets 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 Certified Residential Appraisal, Inc., regardless of the situation.

If the parties need to sell the home, they'll have a a good 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 evaluation.

Settling an estate with peace of mind

The loss of a loved one is a painful 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. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Let Certified Residential Appraisal, Inc. assist you in relocating to or from Cook County

We are aware of the stress associated with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we suggest relocating employees to provide feedback on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered.

Don't sell out for too little or keep your home on the market too long.

A professional appraisal can help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to perform the appraisal report and and aren't related to the sales price.

We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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 properties stay on the market.