Need an appraisal in Farmington Hills or Oakland County?

The top seven reasons why MI homeowners order from Frank Lovasco:

  1. Get a pre-listing appraisal (whether they're selling the home themselves or using a real estate agent)
  2. Challenge a property tax assessment
  3. To reduce their monthly mortgage payment by removing PMI
  4. Reinstate their Home Equity Line of Credit (HELOC)
  5. Review another appraiser's report for verification
  6. If real estate property needs to be divided because of a divorce
  7. Determine the true market value of property in question to settle an estate

Do you own a house in or near Farmington Hills? Do you need help determining the value of your real estate?
Contact Frank Lovasco.

At Frank Lovasco, we understand the particular needs of a homeowner in need of appraisal services. Our business practices and reporting formats are familiar to our business clients like banks, lawyers, and accountants. As our non-traditionalclient, you can expect extra guidance and explanations through the appraisal process to more clearly understand what we do and how we present our conclusions.

Pre-listing Services/For Sale By Owner

Since you have an emotional attachment to your 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 selling price so your house will attract buyers, a professional appraisal is very crucial as a negotiating tool once you have a likely buyer. It's something concrete to show the buyer. It's an independent third party's opinion of your property's value, and not just you saying how much your home is worth. Potential buyers assume that you have an emotional attachment to your home and will be far more likely to give credibility to an experienced appraiser's value report than yours.

Need to cancel PMI?

A preferred way to save money for homeowners is to get the PMI removed 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 eliminated from your loan, which will make your monthly payments go down. Frank Lovasco is qualified in helping clients just like you remove unwanted PMI insurance.

Challenge Oakland county's assessment of your property

Lets say you live in an area that is declining -- your local tax assessor may have your home overvalued. This only means you're most likely 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. When contesting your property tax assessment, getting an expert appraisal from Frank Lovasco is your strongest weapon.

Recently got a freeze your HELOC?

Your lender just may make the decision to automatically freeze your home equity line of credit (HELOC) if your property is in a declining area -- even if your specific property has not declined in value. This can be be bad for your credit score since it may appear as though that credit line is maxed out, and also difficult and inconvenient from a cash flow angle. Frank Lovasco can help you reinstate your home equity line of credit with efficient appraisal.

We Also Provide Field and Desktop Appraisal Review Services

Do you need a seasoned professional to double-check your appraisal for accuracy, or do you want a second opinion without the charge and delay of waiting for a whole new appraisal? In a field review we'll go out and check the subject and comps. Or, if you're in a rush, we can provide 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 We can assist you While typically requested by banks, you may need to exploit this service if you suspect mortgage fraud related to your home.