Attention homeowners in Jonesboro and Craighead County: Need an appraisal?
Here are the top seven reasons why AR homeowners hire Warren Appraisals:
Need help deciding the value of your home in or near Jonesboro, AR?
We at Warren Appraisals understand the special needs of a consumer after appraisal services. Our typical business clients are used to the appraisal process and the customary reporting formats. Being a regular homeowner that most likely doesn't look at appraisals every day,you'll receive extra guidance and explanations through the appraisal process to more fully understand what we do and how we document our findings.
Pre-listing Services/For Sale By Owner (FSBO)
It's very hard to be objective about your house because you probably have an emotional attachment to it. Our professional appraisers at Warren Appraisals are objective. We won't just tell you what you want to hear, we'll tell you what you need to know. A professional appraisal is very important as a negotiating tool once you have a likely buyer, in addition to helping you set a realistic selling price so your house will attract interested buyers. It gives you something concrete to show your buyer. It's an independent third party's opinion of your home's price, and not just how much your home is worth. Potential buyers assume you have an emotional attachment to your house and will be more likely to give credibility to an experienced appraiser's value opinion than yours.
Appraisals to remove PMI
PMI stands for Private Mortgage Insurance. An attractive way to save money for homeowners is to get the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan amount is down below 80% of the value of your home. In most cases you can apply to a lender to have the PMI eliminated from your loan. We're experts in helping customers just like you delete unwanted PMI insurance.
Challenging property tax assessments
Lets say your home is not appreciating as much as other houses close by -- your local tax assessor may have your home overvalued. This only means you're going to pay higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the earlier you take care of a matter like this, the better. When challenging your property tax assessment, getting an expert appraisal from Warren Appraisals is your #1 weapon.
HELOC recently frozen?
If your house is close to a declining area, your lender may choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be be unfavorable to your credit score since it may appear as though that credit line is maxed out, and also unsuitable from a cash flow viewpoint. Warren Appraisals can help you reinstate your HELOC.
Do You Need Field and Desktop Appraisal Review Services?
Have you just been handed a copy of your appraisal and you would like to have a veteran appraiser double-check it for preciseness or do you want 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 question in a field review. Or, if you need it in a rush, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.
We can also provide a retrospective review of any appraisal report you may have had done before. While usually requested by banks, you may want to take advantage of this service if you suspect mortgage fraud related to your property.