profile picture

Appraisal services for Saint Charles and Kane County homeowners

Here are the top reasons Illinois homeowners order from M.J. Appraisal:

  1. Find the right listing price (whether they're selling the home themselves or using a real estate agent)
  2. Challenge property tax assessments
  3. To reduce a monthly mortgage payment by removing PMI
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Verify another appraiser's report
  6. If real estate property needs to be divided because of a divorce
  7. To settle an estate in Illinois by determining the true market value of the property in question
Own a house in or near Saint Charles, Illinois and need help determining the price of it? Contact M.J. Appraisal.

We at M.J. 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 extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

Pre-listing Services/For Sale by Owner (FSBO)

It's very hard to be objective about your own home because you most likely have an emotional attachment to it. Our professional appraisers at M.J. Appraisal are objective. We won't just tell you what you want to hear, we'll tell you what you need to know. A professional appraisal is a very important negotiating tool once you have a likely buyer, in addition to helping you set a realistic price to sell at so your property will attract buyers. It gives you something tangible to show your buyer. The appraisal is an independent third party's opinion of your house's market value, 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 accomplished appraiser's value opinion than yours.

Challenging property tax assessments

If you live in a region that is going down or not appreciating as much as other properties close to yours, your local tax assessor may have your house overvalued. That means you are paying more taxes than you should. Since your property assessment may likely go up again in the next period, the quicker you take care of a matter like this, the better. An appraisal from M.J. Appraisal is your number one weapon when contesting your property tax assessment.

Appraisals to cancel PMI

Getting the PMI (Private Mortgage Insurance) eliminated from your mortgage loan is an attractive money saver for homeowners. Your monthly payments will go down once your mortgage loan is down below 80% of the value of your property. In most cases you can apply to the lender to have the PMI eliminated from your loan. We're qualified in helping customers just like you do away with unwanted and unneeded PMI insurance.

Recently got a freeze to your HELOC?

Even if your specific property has not declined in value, your lender just may make the decision to automatically freeze your home equity line of credit (HELOC) if your home is near a declining area. This can be difficult from a cash flow standpoint, and detrimental to your credit score since it may appear as though that credit line is maxed out. M.J. Appraisal can provide you with a professional appraisal that will help you reinstate your home equity line of credit.

Do You Need Field and Desktop Appraisal Review Services?

Have you just been given a copy of your appraisal and you would prefer to have a professional 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? In a field review we will go out and check the subject and comparables in question. Or, if you're in a hurry, we can provide desk review and verify as many facts as we can, using online data sources as well as our own files.

We can also provide you with a retrospective review of any appraisal you may have had in the past. While usually requested by banks, you may wish to take advantage of this service if you suspect mortgage fraud related to your home.