Attention homeowners in Herrin and Williamson County: Get an Appraisal today!

Check out the top 7 reasons IL homeowners hire Loring Appraisal Service:

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

Need help deciding the price of your home in or near Herrin, IL?
Contact Loring Appraisal Service.

We at Loring Appraisal Service understand the particular needs of a consumer after appraisal services. The appraisal process and reporting formats are relatively routine to our business clients like banks, attorneys, and accountants. But as a general consumer,you'll receive extra guidance and explanations through the appraisal process to understand what we do and how we document our conclusions.

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

It's very hard to be objective about your own house because you probably have an emotional attachment to it. The professional appraisers at Loring Appraisal Service will tell you what you need to know -- not just what you want to hear. We are objective. A professional appraisal is very valuable as a negotiating tool once you have a potential buyer, in addition to helping you set a realistic price to sell at so your property will attract buyers. It's something concrete to show the 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 far more likely to give credibility to a professional appraiser's value estimation than yours.

Need to remove PMI?

An attractive way to cut costs for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan amount is below 80% of the value of your house, in most cases you can apply to your lender to have the PMI canceled from your loan, which will make your monthly payments go down. Loring Appraisal Service is veterans in helping customers just like you remove unnecessary PMI insurance.

Challenging property tax assessments

Your local tax assessor may have your house overvalued if you live in a local area that is going down. This means you are most likely paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the quicker you take care of things like this, the better off you'll be. An appraisal report from Loring Appraisal Service is your strongest weapon when challenging your property tax assessment.

HELOC recently frozen?

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

Field and Desktop Appraisal Review Services

Have you just received a copy of your appraisal and you would like to have a seasoned professional double-check it for precision or do you need a second opinion without the cost and delay of waiting for a whole new appraisal? Loring Appraisal Service offers field reviews where we go out and check the subject and comps. If you're in a rush, we'll provide you with a 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? Loring Appraisal Service can help with that too. Even though this is usually requested by banks, you may need to make use of this service if you suspect mortgage fraud related to your house.