Appraisal services for Olathe and Johnson County homeowners
Here are the top seven reasons KS homeowners call on Ring Residential Appraisals:
Own a home in or near Olathe, KS and need help deciding the value of it?
At Ring Residential Appraisals, we understand the particular needs of a consumer after appraisal services. While our usual clients understand the appraisal process and standard reporting formats, you as a consumer will get extra customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For-Sale-By-Owner (FSBO) / Pre-Listing Services
It's very hard to be objective about your own home because you most likely have an emotional attachment to it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is a crucial negotiating tool once you have a likely buyer, in addition to helping you set a realistic price to sell at so your house will attract buyers. It gives you something concrete to show your buyer. The appraisal is an independent third party's opinion of your house's value, not just you saying how much you think your home is worth. Potential buyers know you have an emotional attachment to your home and will be much more likely to give credibility to a qualified appraiser's value opinion than yours.
PMI Removal Appraisals
An attractive way to cut expenses for homeowners is getting the PMI removed 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 house. In most cases you can apply to the lender to have the PMI canceled from your loan. At Ring Residential Appraisals, we're seasoned in helping clients just like you delete unnecessary PMI insurance.
Challenging a property tax assessment
Your local tax assessor may have your home overvalued if you live in a local area that's declining. This means you're most likely paying higher taxes than you should be paying. The faster you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. Getting a professional appraisal from Ring Residential Appraisals is your number one weapon when contesting your property tax assessment.
Was your HELOC recently frozen?
If your home is close to a declining area, your lender may decide 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 difficult from a cash flow angle, but it can be bad for your credit score since it may appear as though that credit line is maxed out. Ring Residential Appraisals can help you reinstate your HELOC.
We Also Offer Field and Desktop Appraisal Review Services
Have you just accepted a copy of your appraisal and you would prefer to have a professional double-check it for preciseness or do you desire a second opinion without the cost and delay of waiting for a whole new appraisal? Ring Residential Appraisals offers field reviews where we go out and check the subject and comparables in question. If you're in a rush, we'll 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 you may have in your possession. Even though this is typically requested by banks, you may wish to use this service if you suspect mortgage fraud related to your house.