Real estate appraisal services for homeowners in the city of Greenville and Bond County

The top reasons IL homeowners order from Bailey Appraisal Service:

  1. Pre-listing appraisals (whether they're selling the home themselves or using a real estate agent)
  2. Challenge a property tax assessment
  3. Remove PMI to cut a mortgage payments
  4. To reinstate your Home Equity Line of Credit (HELOC)
  5. Review a different appraiser's report for verification
  6. If real estate property needs to be divided because of a divorce
  7. To settle an estate in IL by determining the true market value of property in question

Own a house in or near Greenville, IL and need help determining the value of it?
Contact Bailey Appraisal Service.

At Bailey Appraisal Service, we understand the individual needs of a consumer seeking appraisal services. The appraisal process and reporting formats are relatively routine to our business clients like lenders, lawyers, and accountants. But as a general consumer,you will receive extra guidance and explanations through the appraisal process to more clearly understand what we do and how we document our conclusions.

For-Sale-By-Owner (FSBO) / Pre-Listing Services

Since you have an emotional attachment to your own house, it's often very hard to be objective about it. The professional appraisers at Bailey Appraisal Service will tell you what you need to know -- not just what you want to hear. We are objective. In addition to helping you set a realistic selling price so your home will attract interested buyers, a professional appraisal is a very valuable negotiating tool once you have an interested buyer. It gives you something tangible to show your buyer. The appraisal is an independent third party's opinion of your property's price, not just you saying how much your house is worth. Potential buyers assume that you have an emotional attachment to your house and will be far more likely to give credibility to a qualified appraiser's value report than yours.

Appraisals to cancel PMI

An attractive way to cut expenses for homeowners is getting 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 down below 80% of the value of your property, in most cases you can apply to your lender to have the PMI eliminated from your loan, which will make your monthly payments go down. We're experienced in helping people just like you abolish unwanted PMI insurance.

Challenging a property tax assessment

Your local tax assessor may have your house overvalued if you live in an area that's declining or is not appreciating as much as other properties close by. This means you're going to pay 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 a matter like this, the better. An expert appraisal from Bailey Appraisal Service is your best weapon when contesting your property tax assessment.

HELOC recently frozen?

Your lender just might decide to automatically freeze your home equity line of credit (HELOC) if your house is close to a declining area -- even if your specific property has not declined in value. This can be be negative on your credit score since it may appear as though that credit line is maxed out, and also difficult from a cash flow angle. Bailey Appraisal Service can provide you with an expert appraisal that will help you reinstate your home equity line of credit.

Do You Need Field and Desktop Appraisal Review Services?

Do you need a professional to double-check your appraisal for verity, or do you need a second opinion without the cost and delay of waiting for a whole new appraisal? Bailey Appraisal Service offers field reviews where we go out and check the subject and comparables. If you need it immediately, we'll 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 a retrospective review of any appraisal you may have had in the past. While typically requested by banks, you may desire to utilize this service if you suspect mortgage fraud related to your house.