Reasons someone would hire Israel Sosa

Every year, thousands of people in Illinois purchase, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that might appear less expensive than an appraisal. But is obtaining a mortgage the only reason you should get an appraisal? Are there additional cases when the services of a licensed, independent real estate professional might come in handy? Of course.


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Challenge your tax assessment in Cook County

If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Israel Sosa is your best evidence when building your case. At Israel Sosa,we can assist you in disputing your tax assessment.

How can you get rid of PMI to lower your mortgage payment?

Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask home buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

Israel Sosa can provide you with a statement regarding the value of your home, and the cost of the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Israel Sosa

A divorce is a very traumatic experience for the parties involved, and it is often even more complicated by the troublesome decision of who gets the home. Regardless of the situation, it's prudent to get an appraisal from Israel Sosa so both parties are entirely aware of the true market value of their property.

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 received a fair evaluation.

Accurate and fair estate liquidation

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for 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 do not have dedicated estate planners or executors to handle these matters, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Let Israel Sosa help you with relocating to or from Cook County

Moving due to a job change can be a real pain, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough process, we recommend employees that are moving to provide feedback on the positive features of their property, as well as information about any current sales or listings in their area that they want considered.

Don't sell out for too little or keep your home on the market too long.

A professional appraisal can help you make a more informed 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. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, seeking a professional appraisal is a reliable way to determine what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.