Let Paramount Appraisals, LLC take care of your appraisal

Thousands of people in Michigan buy, sell or refinance their home every year. Most of these transactions include a simple line item for an appraisal. While there are a growing number of automated home valuation methods that might appear more cost-effective than an appraisal, nearly all lenders still call in a local expert because the stakes are incredibly high. You might assume 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 be helpful.


	For real estate appraisals in Livonia and Wayne County, it's easiest when your order online from Paramount Appraisals, LLC, just click here.

Dispute your tax assessment in Wayne County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your real estate, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Paramount Appraisals, LLC is your best evidence. At Paramount Appraisals, LLC,we can assist you in appealing your tax assessment.

Getting rid of your PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask homeowners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Paramount Appraisals, LLC can produce a statement regarding the value of your home. The expense of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.

An appraisal from Paramount Appraisals, LLC will help you settle a divorce with less stress

A divorce is often complicated by the hard decision of who keeps the home, and it can be a very heartbreaking experience for both parties. Regardless of the circumstances, it's prudent to get an appraisal from Paramount Appraisals, LLC so both parties are entirely aware of the true market value of their house.

The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Settling an estate with peace of mind

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Paramount Appraisals, LLC can assist you in relocating to or from Wayne County

We know the stress involved with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any current sales or listings in their area that they want considered during our detailed process.

Sell your home quickly at the right price with an appraisal from Paramount Appraisals, LLC

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses stay on the market. So, getting a professional appraisal is a trusted way to decide 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 too long, costing you time and money.