Attention homeowners: Real estate appraisal services for in Ellsworth and Antrim County

The top seven reasons Michigan homeowners call on Penfold & Associates Appraisal Service:

To get a pre-listing appraisal (whether they're selling the home on their own or using a real estate agent)
Challenge a property tax assessment
To cut their mortgage payments by removing PMI
To reinstate their Home Equity Line of Credit (or HELOC)
Verify another appraiser's report
If property needs to be divided because of a divorce
To determine the true market value of real estate to settle an estate in Antrim County or the state of Michigan


	Do you own a house in or near Ellsworth? Do you need help deciding the value of your real estate? Contact Penfold & Associates Appraisal Service.

At Penfold & Associates Appraisal Service, we understand the unique needs of a customer looking for appraisal services. The appraisal process and reporting formats are relatively routine to our business clients like lenders, lawyers, and CPAs. Being a person not in the real estate business that most likely doesn't see an appraisal on a regular basis, we'll be sure you get extra guidance and explanations through the appraisal process to more fully understand what we do and how we document the results of our analysis.

For Sale by Owner/Pre-Listing Services

Since you have an emotional attachment to your own house, it's often very hard to be objective about it. Our professional appraisers at Penfold & Associates Appraisal Service are objective. We won't just tell you what you want to hear, we will tell you what you need to know. A professional appraisal is very crucial as a negotiating tool once you have an attainable buyer, in addition to helping you set a realistic selling price so your house will attract buyers. It's something tangible to show your buyer. An appraisal is an independent third party's opinion of your home's value -- not just you saying how much you think your house is worth. Interested buyers know you have an emotional attachment to your home and will be far more likely to give credibility to an experienced appraiser's value report than yours.

Challenging a property tax assessment

Let's say your home is not appreciating as much as other properties close by -- your local tax assessor may have your house overvalued. This means you are going to pay higher taxes than you should be paying. The faster you take care of things like this, the better off you'll be, since your property assessment may likely go up again in the next period. An appraisal from Penfold & Associates Appraisal Service is your chief weapon when challenging your property tax assessment.

Need to cancel PMI?

An attractive way to cut costs for homeowners is to get the PMI eliminated 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 is down below 80% of the value of your property. In most cases you can apply to a lender to have the PMI removed from your loan. At Penfold & Associates Appraisal Service, we're seasoned in helping clients just like you do away with unneeded PMI insurance.

HELOC recently frozen?

Your lender just might make the decision to automatically freeze your home equity line of credit (HELOC) if your property is in or near a declining area -- even if your specific property has not declined in value. This can be unfavorable to your credit score since it may appear as though that credit line is maxed out, and also difficult from a cash flow point of view. Penfold & Associates Appraisal Service can help you reinstate your HELOC.

Need Field and Desktop Appraisal Review Services?

Would you wish a second opinion without the expense and delay of waiting for a whole new appraisal? Or do you desire a professional to double-check your appraisal for precision? An appraiser from Penfold & Associates Appraisal Service can go out and check the subject and comps in a field review. Or, if you need it in a rush, we can provide you with a desk review and verify as many facts as we can, using online data sources as well as our own files.

We can also provide a retrospective review of any appraisal report you may have had in the past. While typically requested by banks, you may desire to make use of this service if you suspect mortgage fraud related to your home.