Appraisal services for Park Ridge and Cook County homeowners

Check out the top seven reasons IL homeowners need Kurt Wessel & Associates:

  1. Get a pre-listing appraisal (whether they're selling the home on their own or using a real estate agent)
  2. Challenge property tax assessments
  3. To reduce their mortgage payment by removing PMI
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Verify a different appraiser's report
  6. In the case of a IL divorce, where real estate property needs to be divided
  7. Settle an estate in IL by determining the true market value of real estate in question

Need help determining the value of your home in or near Park Ridge, IL?
Contact Kurt Wessel & Associates.

We at Kurt Wessel & Associates understand the individual needs of a consumer looking for appraisal services. Our business practices and reporting formats are familiar to our business clients like lenders, attorneys, and CPAs. As our client, you will receive extra guidance and explanations through the appraisal process to better understand what we do and how we document our conclusions.

Pre-listing Services/For Sale By Owner

It's very hard to be objective about your home because you probably have an emotional attachment to it. The professional appraisers at Kurt Wessel & Associates 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 price to sell at so your home will attract many interested buyers, a professional appraisal is a very important negotiating tool once you have an attainable buyer. It gives you something concrete to show the buyer. It's an independent third party's opinion of your house's price, and not just you saying how much you think your house is worth. Potential buyers know that you have an emotional attachment to your home and will be more likely to give credibility to a professional appraiser's value opinion than yours.

Appraisals to remove PMI

PMI stands for Private Mortgage Insurance. A preferred way to save money for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan is below 80% of the value of your home. In most cases you can apply to a lender to have the PMI eliminated from your loan. Kurt Wessel & Associates is experienced in helping homeowners just like you abolish undesirable PMI insurance.

Challenge property tax assessments

Lets say you live in a region that's going down -- your local tax assessor may have your home overvalued. This means you are paying higher taxes than you should be paying. The faster you take care of things like this, the better, since your property assessment may likely go up again in the next period. A professional appraisal from Kurt Wessel & Associates is your best weapon when challenging your property tax assessment.

Was your HELOC recently frozen?

If your home is close to a declining area, your lender just may make the decision to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be be harmful to your credit score since it may appear as though that credit line is maxed out, and also difficult from a cash flow standpoint. An appraisal from Kurt Wessel & Associates can help you reinstate your HELOC.

Field and Desktop Appraisal Review Services

Do you need a seasoned expert to double-check your appraisal for efficiency, or do you need a second opinion without the added cost and delay of waiting for a whole new appraisal? We can go out and check the subject and comps in a field review. If you're in a hurry, we'll 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? Kurt Wessel & Associates can help you with that. While typically requested by banks, you may desire to use this service if you suspect mortgage fraud related to your home.