Attention homeowners in Elmhurst and Dupage County: Get an Appraisal today!
Here are the top reasons IL homeowners order from Kordik & Associates, Inc.:
Own a house in or near Elmhurst, IL and need help deciding the value of it?
At Kordik & Associates, Inc., we understand the individual needs of a homeowner in need of appraisal services. Our regular business clients understand the appraisal process and the usual reporting formats. But as a general consumer,we will give you extra guidance and explanations through the appraisal process to better understand what we do and how we present our conclusions.
Pre-listing Services/For Sale By Owner
Since you have an emotional attachment to your own house, it's often very hard to be objective about it. Our professional appraisers at Kordik & Associates, Inc. are objective. We won't just tell you what you want to hear, we'll tell you what you need to know. In addition to helping you set a realistic selling price so your property will attract interested buyers, a professional appraisal is very crucial as a negotiating tool once you have an interested buyer. The appraisal is something tangible to show your buyer. An appraisal is an independent third party's opinion of your property's price -- not just you saying how much your home is worth. Potential buyers assume you have an emotional attachment to your house and will be much more likely to give credibility to an experienced appraiser's value assessment than yours.
PMI Removal Appraisals
Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is a fashionable way to cut costs for homeowners. Your monthly payments will go down once your mortgage loan amount is less than 80% of the value of your house. In most cases you can apply to a lender to have the PMI canceled from your loan. At Kordik & Associates, Inc., we're qualified in helping customers just like you rid themselves of unnecessary PMI insurance.
Challenging a property tax assessment
Your local tax assessor may have your house overvalued if you live in an area that is going down or not appreciating as much as other properties nearby. That means you're probably paying 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. A professional appraisal from Kordik & Associates, Inc. is your strongest weapon when contesting your property tax assessment.
HELOC recently frozen?
Your lender may decide to automatically freeze your home equity line of credit (HELOC) if your house is in a declining area -- even if your specific property has not declined in value. This can be be unfavorable to your credit score since it may appear as though that credit line is maxed out, and also difficult from a cash flow point of view. Kordik & Associates, Inc. can provide you with efficient appraisal that will help you reinstate your HELOC.
Field and Desktop Appraisal Review Services
Do you need a professional to double-check your appraisal for efficiency, or do you want a second opinion without the expense and delay of waiting for a whole new appraisal? Kordik & Associates, Inc. offers field reviews where we'll go out and check the subject and comparables. Or, if you need it in a rush, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.
Do you need a retrospective review of an appraisal report? Kordik & Associates, Inc. can help with that too. While typically requested by banks, you may need to employ this service if you suspect mortgage fraud related to your house.