Many people are surprised when they find out that the market value of their home is much more than they thought, so investing in a professional appraisal actually allowed these people to receive several thousand more dollars than they thought they would when their home was sold. It is not how much you have invested in your home, how much you paid for it, or how much you want for it. We are talking about the true market value of your home.Others have an inflated opinion of their home's value and an appraisal helped them to realistically price their home in order for it to sell. An overpriced home will not attract buyers, which means no offers and no closing and that you have wasted valuable time, money, and efforts.
In addition, an appraisal will help you by pointing out needed repairs and visible deficiencies in the property which will allow you to correct these items before placing it on the market. It is very hard to be objective about your own home because of your emotional attachment to it. A Professional Appraiser is objective and will tell you what you need to know, not just what you want to hear.
If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from a licensed certified appraiser is your best evidence when building your case. At Mid Michigan Appraisal and Inspections, we're qualified to assist you in appealing your tax assessment.