Paris & Associates Appraisers in Burton perform appraisals for numerous reasons

Thousands of people in Michigan buy, sell or refinance their home each month. Most of these transactions involve a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation systems that might seem cheaper than an appraisal. But is obtaining a mortgage the only reason to acquire an appraisal? Are there also instances when the services of a licensed, independent real estate professional might be beneficial? Absolutely.


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Dispute your tax assessment in Genesee County

If you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Paris & Associates Appraisers is your best evidence. At Paris & Associates Appraisers,we can assist you in disputing your tax assessment.

Paris & Associates Appraisers can help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the property, many lenders ask buyers to purchase an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Paris & Associates Appraisers will produce a statement regarding the value of your home. The cost of the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce can be an especially daunting event for both parties, and it is often more complicated by the challenging decision of who maintains the property. It's a good idea to get an appraisal from Paris & Associates Appraisers so both parties are fully aware of the true market value of their property, regardless of the situation.

The parties will have a better idea of what price to set, if they wish 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 assessment.

Accurate and fair estate liquidation

The death of a loved one is a hard 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, ensuring the maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the certain value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.

Let Paris & Associates Appraisers assist you in relocating to or from Genesee County

Employee relocation can be a more than just an inconvenience, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our detailed process.

Let Paris & Associates Appraisers help you sell your home quickly at the right price

A professional appraisal can help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't contingent upon the value opinion we render, but rather they are based on our efforts to complete the appraisal.

We examine the difference in value items like an additional 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, obtaining 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 for an extended amount of time.