Attention homeowners: Real estate appraisal services for in Joliet and Will County

The top 7 reasons IL homeowners call on William Spero:

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

Do you own a house in or near Joliet? Do you need help determining the value of your real estate?
Contact William Spero.

We at William Spero understand the particular needs of a consumer looking for appraisal services. Our typical business clients understand the appraisal process and the standard reporting formats. But as a general consumer,we will give you extra guidance and explanations through the appraisal process to more clearly understand what we do and how we present our findings.

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

It's very hard to be objective about your home because of your emotional attachment to it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is a very valuable negotiating tool once you have a potential buyer, in addition to helping you set a realistic selling price so your home will attract many interested buyers. It gives you something concrete to show your buyer. It's an independent third party's opinion of your property's price, and 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 more likely to give credibility to a professional appraiser's value estimation than yours.

Need to remove PMI?

Getting the PMI (Private Mortgage Insurance) eliminated from your mortgage loan is a fashionable way to save money for homeowners. Once your mortgage loan is below 80% of the value of your house, in most cases you can apply to a lender to have the PMI removed from your loan, which will make your monthly payments go down. William Spero is seasoned in helping consumers just like you remove unwanted PMI insurance.

Challenging property tax assessments

If you live in an area that is declining or not appreciating as much as other properties nearby, your local tax assessor may have your house overvalued. This only 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 faster you take care of things like this, the better off you'll be. An appraisal from William Spero is your strongest weapon when challenging your property tax assessment.

Recently got a freeze your HELOC?

If your property is in a declining area, your lender may choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. Not only can this be disadvantageous from a cash flow angle, but it can be harmful to your credit score since it may appear as though that credit line is maxed out. An efficient appraisal from William Spero can help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Would you like a second opinion without the added expense and delay of waiting for a whole new appraisal? Or do you desire a veteran appraiser to double-check your appraisal for verity? In a field review we'll go out and check the subject and comps in question. 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.

Need a retrospective review of an appraisal report? We can We can assist you Even though this is usually requested by banks, you may desire to exercise this service if you suspect mortgage fraud related to your property.