Attention homeowners in Hampton Roads: Get an Appraisal today!
Here are the top 7 reasons why Hampton Roads homeowners use PLM Appraisals:
At PLM Appraisals, we understand the particular needs of a homeowner after appraisal services. Our usual business clients are used to the appraisal process and the standard documents we provide. But as a general consumer, you will receive extra guidance and explanations through the appraisal process to better understand what we do and how we report our findings.
For Sale by Owner/Pre-Listing ServicesIt's very hard to be objective about your own home because of your emotional attachment to it. The professional appraisers at PLM Appraisals will tell you what you need to know -- not just what you want to hear. We are objective. In addition to helping you set a realistic selling price so your home will attract interested buyers, a professional appraisal is a crucial negotiating tool once you have an interested buyer. It gives you something concrete to show your buyer. An appraisal is an independent third party's opinion of your house's value -- not just you saying how much your home is worth. Interested buyers assume you have an emotional attachment to your home and will be more likely to give credibility to an expert appraiser's value estimation than yours.
Challenge a property tax assessmentYour local tax assessor may have your home overvalued if your house not appreciating as much as other properties close to yours. That means you're most likely paying more taxes than you should. The sooner you take care of things like this, the better, since your property assessment may likely go up again in the next period. When challenging your property tax assessment, getting an appraisal from PLM Appraisals is your #1 weapon.
Appraisals to cancel PMIA popular way to save money for homeowners is getting 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 down below 80% of the value of your home. In most cases you can apply to the lender to have the PMI removed from your loan. At PLM Appraisals, we're seasoned in helping clients just like you rid themselves of unneeded PMI insurance.
Was your HELOC recently frozen?If your property is in or near a declining area, your lender might just choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. Not only can this be inopportune from a cash flow point of view, but it can be negative on your credit score since it may appear as though that credit line is maxed out. An expert appraisal from PLM Appraisals can help you reinstate your HELOC.
Field and Desktop Appraisal Review ServicesHave you just gotten a copy of your appraisal and you'd prefer to have a professional double-check it for preciseness or do you need a second opinion without the expense and delay of waiting for a whole new appraisal? PLM Appraisals offers field reviews where we go out and check the subject and comps. 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.
Do you need a retrospective review of an appraisal report? PLM Appraisals can help you with that. While usually requested by banks, you may wish to use this service if you suspect mortgage fraud related to your property.