Getting an appraisal from Michael P. Clover

To a lot of people, an appraisal is simply another cost on the settlement sheet for a mortgage or refinance. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation processes that might appear to be more prudent than an appraisal. You might believe that securing a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a licensed, independent real estate professional might be beneficial.


	Contact Michael P. Clover if you're planning on any transaction where the value of your home is a factor. Just click here

Dispute your tax assessment in Chippewa County

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a past assessment of your home, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from Michael P. Clover is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.

Eliminating PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Most often, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Michael P. Clover can provide you with 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 stress

A divorce can be a very traumatic experience for both parties, and it is often further complicated by the troublesome decision of who maintains the property. It's a good idea to order an appraisal from Michael P. Clover so both parties are fully aware of the true market value of their house, regardless of the circumstances.

If the parties need to sell the home, they'll have a clearer picture 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.

Accurate and fair estate liquidation with Michael P. CloverSettling an estate

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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 maximum degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocating to or from Chippewa County

Employee relocation is a more than just an inconvenience, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive process, we recommend relocating employees to provide remarks on the positive aspects of their property, along with information about any new sales or listings in their neighborhood that they want considered.

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

A professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to finish 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. And we're experts in knowing how long houses are on the market. So, seeking a professional appraisal is a trusted way to determine 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 for an extended amount of time.