Let Mannion Appraisals serve your appraisal needsYear after year, thousands of people in Illinois buy, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. Even though there are an increasing number of automated home valuation processes that may appear more cost-effective than an appraisal, almost all lenders still need a local expert because the stakes are so high. You might think that obtaining a mortgage is the only reason to get an appraisal, but there are other instances when the services of a certified, independent real estate professional might come in handy. 
Dispute your tax assessment in Cook CountyIt's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a previous assessment of your real estate, so if values have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment. Getting rid of your PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. Very often, this additional payment is folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. Mannion Appraisals can produce a statement regarding the value of your home, and the expense of the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI. Get your appraisal from Mannion Appraisals Order onlineGet a fair valuation on a home take make a divorce settlement less stressfulA divorce is an especially horrible experience for the parties involved, and it is often even more complicated by the strenuous decision of who maintains the property. Regardless of the situation, it's a good idea to get an appraisal from Mannion Appraisals so both parties are entirely aware of the true market value of their home. The parties will have a better idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment. Accurate and fair estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans do not have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal. Relocate to or from Cook County for workEmployee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their area that they want considered during our thorough inspection. Sell your home promptly — at the right priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. 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 complete the appraisal report and not a percentage of the sales price. We examine 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 propertiesstay on the market. So, obtaining a professional appraisal is a reliable way to decide what improvements will add value and what an applicable 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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