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Appraisal services for Westerville and Delaware County homeowners
The top 7 reasons why Ohio homeowners order from Lenco Appraisals:
- Pre-listing appraisals (whether they're selling the home themselves or using a real estate agent)
- Challenge property tax assessments
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Remove PMI to lower your mortgage payments
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To reinstate their Home Equity Line of Credit (or HELOC)
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To review a different appraiser's report for verification
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If real estate property needs to be divided because of a divorce
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To settle an estate in Ohio by determining the true market value of the property in question
We at Lenco Appraisals understand the individual needs of a homeowner seeking appraisal services.
While our typical clients understand the appraisal process and standard reporting formats, you as a consumer will get extra 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 (FSBO) / Pre-Listing Services
Since you have an emotional attachment to your 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 a crucial negotiating tool once you have an interested buyer, in addition to helping you set a realistic selling price so your house will attract many interested buyers.
It gives you something concrete to show your buyer.
The appraisal is an independent third party's opinion of your property's value, not just how much your house is worth.
Interested buyers know that you have an emotional attachment to your home and will be much more likely to give credibility to a qualified appraiser's value estimation than yours.
Challenging a property tax assessment
Your local tax assessor may have your house overvalued if you live in a region that is going down.
That means you are paying more taxes than you should.
Since your property assessment may likely go up again in the next period, the faster you take care of things like this, the better off you'll be.
When challenging your property tax assessment, getting an appraisal from Lenco Appraisals is your chief weapon.
Appraisals to remove PMI
Getting the PMI (Private Mortgage Insurance) eliminated from your mortgage loan is a popular way to cut expenses for homeowners.
Once your mortgage loan is down below 80% of the value of your house, in most cases you can apply to your lender to have the PMI removed from your loan, which will make your monthly payments go down.
We're experienced in helping homeowners just like you do away with undesirable PMI insurance.
Recently got a freeze to your HELOC?
If your property is in or near a declining area, your lender may just choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value.
This can be difficult from a cash flow viewpoint, and detrimental to your credit score since it may appear as though that credit line is maxed out.
Lenco Appraisals can provide you with efficient appraisal to help you reinstate your HELOC.
We Provide Field and Desktop Appraisal Review Services
Have you just been handed a copy of your appraisal and you would wish to have a seasoned appraiser double-check it for precision or do you want a second opinion without the added expense and delay of waiting for a whole new appraisal?
Lenco Appraisals offers field reviews where we'll go out and check the subject and comps.
Or, if you need it ASAP, we can provide 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? We can help with that too.
Even though most review work is requested by lenders for quality control, homeowners suspecting they've been the victim of mortgage fraud are prudent to get a second opinion.
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