Reasons to consider an appraisal from Appraisals By TrautmanThousands of people in Illinois buy, sell or refinance their home every year. Most of these transactions consist of a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation methods that might seem more cost-effective than an appraisal. Is obtaining a mortgage the only basis for getting an appraisal? Are there more times when the services of a certified, independent real estate professional could be beneficial? Of course. 
Contest your tax assessmentIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a previous assessment of your home, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Appraisals By Trautman is your best evidence when building your case. We can assist you in challenging your tax assessment. Eliminate PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that most lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Oftentimes, this extra payment is bundled into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met. Appraisals By Trautman can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI. Order an appraisal from Appraisals By Trautman Order todayGet a clear valuation on a home for divorce settlementsA divorce can be a particularly horrible event for both parties, and it is often more complicated by the burdensome decision of who keeps the house. Regardless of the situation, it's a good idea to get an appraisal from Appraisals By Trautman 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. Accurate and fair estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair 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 utmost degree of discretion. Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal. Relocate to or from Champaign County for workEmployee relocation can be a stressful event, and we understand. We take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive inspection. Close on your home promptly — at the right priceA professional appraisal will help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price. On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesstay on the market. So, getting a professional appraisal is a reliable way to determine 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. 
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