Why you should order an appraisal

Year after year, thousands of people in Illinois buy, sell or refinance their home. Most of these transactions consist of a simple line item for an appraisal. While there are a developing number of automated home valuation processes that might appear to be less expensive than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. You might believe that securing a mortgage is the only reason to acquire an appraisal, but there are other times when the services of a licensed, independent real estate professional could be helpful.


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Let Elite Appraisal Center, LLC help you dispute your tax assessment in Cook County

It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your home, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from Elite Appraisal Center, LLC is your best evidence when building your case. At Elite Appraisal Center, LLC, we're capable of assisting you in disputing your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance plan that almost all lenders ask homebuyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Seeing that extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

Elite Appraisal Center, LLC will provide you with a statement regarding the value of your home, and the expense of the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.

An appraisal from Elite Appraisal Center, LLC will help you settle a divorce with less stress

A divorce is often complicated by the hard decision of who keeps the home, and it can be an especially traumatic ordeal for both parties. Regardless of the circumstances, it's wise to get an appraisal from Elite Appraisal Center, LLC so both parties are completely aware of the true market value of their property.

The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Trustworthy estate liquidation

The 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. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. 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.

Elite Appraisal Center, LLC can assist you in relocating to or from Cook County

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

Selling your home quickly at the right price with an appraisal from Elite Appraisal Center, LLC

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are calculated on our efforts to perform the appraisal report and and aren't related to the sales price.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, seeking a professional appraisal is a trusted way to decide 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 too long, costing you hassle and money.