There are lots of reasons consumers call on Fairway Appraisal ServicesTo many, an appraisal just looks like one more thing in the long list of items for a home purchase or refinance. And even though there are a budding number of automated home valuation methods that may appear to be more cost-effective than an appraisal, practically all lenders still call for a local expert because the stakes are incredibly high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are other situations when the services of a licensed, independent real estate professional might come in handy.
Challenge your tax assessment in Waukesha CountyIf 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 Fairway Appraisal Services is your best evidence. At Fairway Appraisal Services,we can assist you in challenging your tax assessment.
PMI removal will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that almost all lenders ask buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Fairway Appraisal Services can provide you with a statement regarding the value of your home. The expense of the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be an especially traumatic experience for both parties, and it is often further complicated by the difficult decision of who gets the house. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Fairway Appraisal Services, regardless of the circumstances.
The parties will have a clearer picture 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 assessment.
Settling an estate with peace of mindLosing a loved one is a difficult 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. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocating to or from Waukesha County?We understand the stress involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information regarding any new sales or listings in their neighborhood that they want considered during our detailed process.
Sell your home quickly at the right price with an appraisal from Fairway Appraisal ServicesWhether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. The price we charge isn't contingent upon the value opinion we render, but rather they depend on our efforts to finish the appraisal.
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 reliable way to decide what improvements will add value and what an applicable 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.