Why would you need an appraisal from Peters Real Estate Services?

Each year, thousands of people in Michigan purchase, sell or refinance their home. Many 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 seem more prudent than an appraisal, almost all lenders still want a local expert because the stakes are so high. But is getting a mortgage the only reason you should get an appraisal? Are there other instances when the services of a certified, independent real estate professional might come in handy? You bet.


	When you're planning on any transaction where the likely sales price of your house is in question, you should contact Peters Real Estate Services. Just click here

Let Peters Real Estate Services help you challenge your tax assessment in Berrien County

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Peters Real Estate Services is your best evidence. At Peters Real Estate Services,we can assist you in appealing your tax assessment.

Let Peters Real Estate Services help you eliminate PMI to lower your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the property, most lenders ask home buyers to take out an added insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress passed 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.

Peters Real Estate Services can produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Peters Real Estate Services

A divorce is a very traumatic event for the parties involved, and it is often further complicated by the difficult decision of who keeps the house. Regardless of the situation, it's a good idea to get an appraisal from Peters Real Estate Services so both parties are entirely aware of the true market value of their home.

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

Fair and accurate estate liquidation with Peters Real Estate ServicesSettling an estate

The loss 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.

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

Let Peters Real Estate Services help you with relocating to or from Berrien County

We are aware of the headaches involved with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any recent sales or listings in their area that they want considered during our detailed process.

Sell your home quickly at the right price

A professional appraisal can help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are derived from our efforts to finish the appraisal report and not a percentage of the sales price.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate 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 are one the market.