Appraisal services for Hilo and Hawaii County homeowners
Here are the top seven reasons HI homeowners use Big Island Appraisal Services:
Do you own a house in or near Hilo? Do you need help determining the price of your real estate?
At Big Island Appraisal Services, we understand the individual needs of a homeowner seeking appraisal services. While our usual business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra 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
Since you have an emotional attachment to your own home, it's often very hard to be objective about 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 very valuable as a negotiating tool once you have a likely buyer, in addition to helping you set a realistic selling price so your house will attract buyers. The appraisal is something concrete to show the buyer. It's an independent third party's opinion of your home's price, and not just how much you think your house is worth. Interested buyers know that you have an emotional attachment to your house and will be much more likely to give credibility to a seasoned appraiser's value assessment than yours.
Appraisals to cancel PMI
PMI stands for Private Mortgage Insurance. A fashionable way to cut costs for homeowners is getting the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan amount is down below 80% of the value of your property. In most cases you can apply to your lender to have the PMI removed from your loan. We're experts in helping people just like you delete unneeded PMI insurance.
Challenge property tax assessments
Your local tax assessor may have your home overvalued if you live in a region that is declining. That only means you are going to pay more taxes than you should. Since your property assessment may likely go up again in the next period, the sooner you take care of a matter like this, the better. When contesting your property tax assessment, getting a professional appraisal from Big Island Appraisal Services is your number one weapon.
Recently got a freeze your HELOC?
If your home is in or near a declining area, your lender just might 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 inopportune from a cash flow point of view, but it can be damaging to your credit score since it may appear as though that credit line is maxed out. Big Island Appraisal Services can provide you with a professional appraisal to help you reinstate your HELOC.
We Offer Field and Desktop Appraisal Review Services
Do you need a seasoned professional to double-check your appraisal for preciseness, or do you want a second opinion without the added expense and delay of waiting for a whole new appraisal? An appraiser from Big Island Appraisal Services can go out and check the subject and comps in question in a field review. If you need it immediately, 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.
Need a retrospective review of an appraisal? We can We can assist you While usually requested by banks, you may wish to exercise this service if you suspect mortgage fraud related to your house.