Appraisal services for Galena and Jo Daviess County homeowners
Here are the top seven reasons IL homeowners order from Homestead Appraisals, Ltd.:
Own a house in or near Galena, IL and need help determining the price of it?
We at Homestead Appraisals, Ltd. understand the individual needs of a customer in need of appraisal services. Our customary business clients understand the appraisal process and the customary reporting formats. As our non-traditionalclient, you will receive extra guidance and explanations through the appraisal process to more fully understand what we do and how we document our findings.
For-Sale-By-Owner (FSBO) / Pre-Listing Services
It's very hard to be objective about your home because of your emotional attachment to it. The professional appraisers at Homestead Appraisals, Ltd. will tell you what you need to know -- not just what you want to hear. We are objective. A professional appraisal is a very important negotiating tool once you have a potential buyer, in addition to helping you set a realistic price to sell at so your home will attract many interested buyers. The appraisal is something tangible to show the buyer. An appraisal is an independent third party's opinion of your house's price -- not just how much you think your house is worth. Potential buyers assume that you have an emotional attachment to your home and will be far more likely to give credibility to a qualified appraiser's value opinion than yours.
Appraisals to cancel PMI
A preferred way to cut expenses for homeowners is getting the PMI removed 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 amount is below 80% of the value of your property. In most cases you can apply to the lender to have the PMI eliminated from your loan. We're experts in helping consumers just like you remove unwanted PMI insurance.
Challenging property tax assessments
Your local tax assessor may have your home overvalued if you live in a region that is going down. This means you are most likely paying higher taxes than you should be paying. The sooner you take care of a matter like this, the better, since your property assessment may likely go up again in the next period. Getting an appraisal from Homestead Appraisals, Ltd. is your #1 weapon when challenging your property tax assessment.
Was your HELOC recently frozen?
Your lender just might decide to automatically freeze your home equity line of credit (HELOC) if your house is in or near a declining area -- even if your specific property has not declined in value. This can be be bad for your credit score since it may appear as though that credit line is maxed out, and also difficult and inconvenient from a cash flow point of view. Homestead Appraisals, Ltd. can help you reinstate your home equity line of credit with a professional appraisal.
Need Field and Desktop Appraisal Review Services?
Would you wish a second opinion without the added cost and delay of waiting for a whole new appraisal? Or do you need an expert to double-check your appraisal for verity? Homestead Appraisals, Ltd. offers field reviews where we'll go out and check the subject and comparables in question. Or, if you're in a rush, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.
Do you need a retrospective review of an appraisal? Homestead Appraisals, Ltd. can help with that too. While typically requested by banks, you may need to take advantage of this service if you suspect mortgage fraud related to your property.