Reasons someone would call James Delaplante

To a lot of us, an appraisal is simply another fee on the settlement sheet for a home purchase or refinance. The majority of lenders still want a local expert because the stakes are very high, even though there are a budding number of automated home valuation processes that might appear less expensive than an appraisal. But is getting a mortgage the only reason you should get an appraisal? Are there also cases when the services of a Michigan Certified Appraiser and independent real estate professional might be helpful? You bet there are.


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Challenge your Tax Assessment

It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from James Delaplante is your best evidence. At James Delaplante, we're qualified to assist you in disputing your tax assessment.

PMI removal will lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the property, nearly all lenders ask homebuyers to take out an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this extra payment is lumped into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, James Delaplante will give you a statement regarding the value of your home. The expense of the home valuation can often be regained in little time because you'll no longer be paying the PMI.

Divorce Appraisals help with fair equity distribution.

A divorce is often complicated by the troublesome decision of who maintains the home, and it can be a very heartbreaking occurrence for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from James Delaplante, regardless of the situation.

If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Estate Appraisals are discrete and can bring closure

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

James Delaplante can assist you in relocating to Northwest Michigan

We are familiar with the stress associated with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we suggest employees that are moving to provide input on the positive features of their property, along with information about any current sales or listings in their neighborhood that they want considered.

FSBO (For Sale By Owner) and MLS Listings - Don't sell out for too little or let your home stay on the market too long.

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, seeking a professional appraisal is a trusted way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market too long, costing you time and money.