Need an appraisal in Chicago or Cook County?
See the top seven reasons why Illinois homeowners use Illinois Expert Appraisal:
We at Illinois Expert Appraisal understand the individual needs of a consumer after appraisal services. Our regular business clients get the appraisal process and the standard documents we provide. Being a regular homeowner that most likely doesn't see an appraisal on a regular basis, we will give you 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 (FSBO)It's very hard to be objective about your own home because of your emotional attachment to it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is a very important negotiating tool once you have an interested buyer, in addition to helping you set a realistic price to sell at so your property will attract buyers. The appraisal is something concrete to show the buyer. The appraisal is an independent third party's opinion of your house's market value, not just you saying how much your house is worth. Interested buyers assume you have an emotional attachment to your home and will be far more likely to give credibility to a seasoned appraiser's value assessment than yours.
Challenging property tax assessmentsLet's say you live in a local area that's declining -- your local tax assessor may have your home overvalued. This only means you're most likely paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the quicker you take care of a matter like this, the better off you'll be. A professional appraisal from Illinois Expert Appraisal is your number one weapon when challenging your property tax assessment.
Need to remove PMI?A fashionable way to cut expenses for homeowners is getting the PMI canceled 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 is down below 80% of the value of your property. In most cases you can apply to a lender to have the PMI removed from your loan. We're experienced in helping consumers just like you get rid of unnecessary PMI insurance.
Recently got a freeze to your HELOC?Even if your specific property has not declined in value, your lender might just make the decision to automatically freeze your home equity line of credit (HELOC) if your home is in a declining area. Not only can this be difficult and inconvenient from a cash flow point of view, but it can be negative on your credit score since it may appear as though that credit line is maxed out. An appraisal from Illinois Expert Appraisal can help you reinstate your HELOC.
We Also Offer Field and Desktop Appraisal Review ServicesDo you need a seasoned expert to double-check your appraisal for efficiency, or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? We can go out and check the subject and comps in a field review. If you need it immediately, we'll provide you with a desk review and verify as many facts as we can, using online data sources as well as our own files.
We can also provide you with a retrospective review of any appraisal report you may have had done before. While typically requested by banks, you may wish to utilize this service if you suspect mortgage fraud related to your home.