Attention homeowners in Frankfort and Will County: Get an Appraisal today!

Here are the top reasons IL homeowners use Masterson Appraisals, Inc.:

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

Need help determining the value of your home in or near Frankfort, IL?
Contact Masterson Appraisals, Inc..

We at Masterson Appraisals, Inc. understand the special needs of a consumer after appraisal services. While our usual business 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)

Since you have an emotional attachment to your own house, it's often very hard to be objective about it. Professional appraisers, like the ones at Masterson Appraisals, Inc., are objective. We'll tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic price to sell at so your property will attract interested buyers, a professional appraisal is a very important negotiating tool once you have a likely buyer. It's something concrete to show your buyer. An appraisal is an independent third party's opinion of your home's value -- not just how much your house is worth. Potential buyers assume that you have an emotional attachment to your home and will be more likely to give credibility to an experienced appraiser's value judgement than yours.

Appraisals to remove PMI

PMI stands for Private Mortgage Insurance. An attractive way to cut expenses for homeowners is to get the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan amount is down below 80% of the value of your property. In most cases you can apply to a lender to have the PMI removed from your loan. We are seasoned in helping folks just like you delete undesirable PMI insurance.

Challenge a property tax assessment

Lets say your home is not appreciating as much as other homes close by -- your local tax assessor may have your home overvalued. This means you're 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 a matter like this, the better off you'll be. Getting an appraisal from Masterson Appraisals, Inc. is your perfect weapon when contesting your property tax assessment.

HELOC recently frozen?

Your lender just may make the decision to automatically freeze your home equity line of credit (HELOC) if your property is in or near a declining area -- even if your specific property has not declined in value. This can this be difficult from a cash flow standpoint, and damaging to your credit score since it may appear as though that credit line is maxed out. An efficient appraisal from Masterson Appraisals, Inc. can help you reinstate your HELOC.

Need Field and Desktop Appraisal Review Services?

Do you need a seasoned expert to double-check your appraisal for precision, or do you want a second opinion without the cost and delay of waiting for a whole new appraisal? An appraiser from Masterson Appraisals, Inc. can go out and check the subject and comparables in question in a field review. Or, if you need it immediately, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.

Do you need a retrospective review of an appraisal report? Masterson Appraisals, Inc. can help you with that. While typically requested by banks, you may need to take advantage of this service if you suspect mortgage fraud related to your property.