Reasons someone would hire Lenard A. Spalding

Thousands of people in Illinois buy, sell or refinance their home every month. A lot of these transactions have a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are very high, even though there are a budding number of automated home valuation methods that may appear to be more practical than an appraisal. You might believe that getting a mortgage is the only reason to get an appraisal, but there are other situations when the services of a certified, independent real estate professional could come in handy.


	For real estate appraisals in McHenry and McHenry County, it's easiest when your order online from Lenard A. Spalding, just click here.

Appeal your tax assessment in McHenry County

If you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Lenard A. Spalding is your best evidence. At Lenard A. Spalding,we can assist you in challenging your tax assessment.

PMI removal to lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, many lenders ask homeowners to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

Lenard A. Spalding will give you a statement regarding the value of your home, and the cost of the appraisal can generally be offset in little time because you'll no longer be paying the PMI.

An appraisal from Lenard A. Spalding will help you settle a divorce with less stress

A divorce is often complicated by the difficult decision of who keeps the home, and it can be a very heartbreaking event for both parties. Regardless of the circumstances, it's wise to order an appraisal from Lenard A. Spalding so both parties are fully aware of the true market value of their home.

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

Fair and accurate estate liquidation with Lenard A. SpaldingSettling an estate

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

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

Relocating to or from McHenry County?

We are familiar with the headaches associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any recent sales or listings in their neighborhood that they want considered during our detailed process.

Selling your home quickly at the right price with an appraisal from Lenard A. Spalding

A professional appraisal can help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal.

On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are on the market. So, seeking a professional appraisal is a reliable 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 an unnecessarily long time.