Appraisal services for Bloomfield Hills and Oakland County homeowners
Check out the top reasons Michigan homeowners use Peak Appraisals, Inc.:
At Peak Appraisals, Inc., we understand the particular needs of a customer looking for appraisal services. While our usual clients understand the appraisal process and standard reporting formats, you as a consumer will get an extra level of customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
Pre-listing Services/For Sale by OwnerSince you have an emotional attachment to your own house, it's often very hard to be objective about it. The professional appraisers at Peak Appraisals, Inc. will tell you what you need to know -- not just what you want to hear. We are objective. A professional appraisal is very crucial as a negotiating tool once you have an interested buyer, in addition to helping you set a realistic price to sell at so your house will attract interested buyers. It's something concrete to show your buyer. It's an independent third party's opinion of your home's value, and not just how much you think your house is worth. Potential buyers assume you have an emotional attachment to your house and will be more likely to give credibility to a professional appraiser's value report than yours.
Challenge Tax AssessmentLet's say you live in an area that's declining -- your local tax assessor may have your house overvalued. This only means you are probably paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the quicker you take care of a matter like this, the better off you'll be. When contesting your property tax assessment, getting an appraisal from Peak Appraisals, Inc. is your chief weapon.
PMI Removal AppraisalsA preferred way to cut expenses for homeowners is to get the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan amount is below 80% of the value of your house. In most cases you can apply to the lender to have the PMI eliminated from your loan. We are seasoned in helping homeowners just like you rid yourselves of unwanted PMI insurance.
Was your HELOC recently frozen?Even if your specific property has not declined in value, your lender might just decide to automatically freeze your home equity line of credit (HELOC) if your house is in a declining area. Not only can this be difficult from a cash flow point of view, but it can be unfavorable to your credit score since it may appear as though that credit line is maxed out. Peak Appraisals, Inc. can provide you with an expert appraisal to help you reinstate your HELOC.
Do You Need Field and Desktop Appraisal Review Services?Do you need a seasoned professional to double-check your appraisal for precision, or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? Peak Appraisals, Inc. offers field reviews where we go out and check the subject and comps in question. If you're in a hurry, we'll 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 you with a retrospective review of any appraisal you may have in your possession. While usually requested by banks, you may need to take advantage of this service if you suspect mortgage fraud related to your house.