Need an appraisal in Dearborn or Wayne County?

The top 7 reasons why MI homeowners call on Prospect Appraisal:

Pre-listing appraisals (whether you're using an agent or selling the home on your own)
Challenge property tax assessments
To reduce a mortgage payment by removing PMI
Reinstate their Home Equity Line of Credit (HELOC)
To review a different appraiser's report for verification
In the case of a MI divorce, where real estate property needs to be divided
Settle an estate in MI by determining the true market value of property in question

Do you own a home in or near Dearborn? Do you need help deciding the value of your real estate?
Contact Prospect Appraisal.

We at Prospect Appraisal understand the individual needs of a homeowner in need of appraisal services. While our typical clients understand the appraisal process and standard reporting formats, you as a consumer will get an extra level of 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/Pre-Listing Services

Since you have an emotional attachment to your own house, 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. In addition to helping you set a realistic price to sell at so your home will attract interested buyers, a professional appraisal is very important as a negotiating tool once you have an interested buyer. It's something tangible to show your buyer. The appraisal is an independent third party's opinion of your home's price, not just how much you think your home is worth. Interested buyers assume you have an emotional attachment to your house and will be far more likely to give credibility to an expert appraiser's value opinion than yours.

Appraisals to remove PMI

A popular way to save money for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan amount is less than 80% of the value of your property, in most cases you can apply to the lender to have the PMI canceled from your loan, which will make your monthly payments go down. At Prospect Appraisal, we're experts in helping homeowners just like you delete unwanted and unneeded PMI insurance.

Challenging Wayne county's assessment of your property

Your local tax assessor may have your home overvalued if your house not appreciating as much as other properties nearby. This only means you are paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the sooner you take care of things like this, the better off you'll be. Getting an appraisal from Prospect Appraisal is your best weapon when contesting your property tax assessment.

HELOC recently frozen?

Even if your specific property has not declined in value, your lender might decide to automatically freeze your home equity line of credit (HELOC) if your house is near a declining area. This can be be damaging to your credit score since it may appear as though that credit line is maxed out, and also disadvantageous from a cash flow point of view. Prospect Appraisal can help you reinstate your home equity line of credit with an expert appraisal.

Field and Desktop Appraisal Review Services

Do you need an expert to double-check your appraisal for verity, or do you desire a second opinion without the added cost and delay of waiting for a whole new appraisal? We can go out and check the subject and comparables in question in a field review. If you need it 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.

Need a retrospective review of an appraisal report? We can help you with that While usually requested by banks, you may desire to make use of this service if you suspect mortgage fraud related to your property.