Reasons to order an appraisal from Tengler Appraisal

Every year, thousands of people in Illinois purchase, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. Practically all lenders still call in a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation methods that might seem cheaper than an appraisal. You might think that securing a mortgage is the only reason you should get an appraisal, but there are additional times when the services of a certified, independent real estate professional could be helpful.


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Let Tengler Appraisal help you challenge your tax assessment in Cook County

It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Tengler Appraisal is your best evidence. At Tengler Appraisal, we're capable of assisting you in disputing your tax assessment.

Tengler Appraisal can help you do away with PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Since the added payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.

Tengler Appraisal will provide you with a statement regarding the value of your home, and the expense of the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is a very daunting event for the parties involved, and it is often even more complicated by the burdensome decision of who gets the property. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Tengler Appraisal, regardless of the situation.

If the parties want to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation with Tengler AppraisalSettling an estate

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for 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, guaranteeing the maximum degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocating to or from Cook County

We are familiar with the stress associated with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered during our detailed process.

Selling your home quickly at the right price with an appraisal from Tengler Appraisal

A professional appraisal will help you make a better educated decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses stay on the market. So, getting a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market for an extended amount of time.