Need an appraisal in Odin or Marion County?

Here are the top reasons IL homeowners need Thompson Appraisal:

  1. To get a pre-listing appraisal (whether they're selling the home on their own or using a real estate agent)
  2. To challenge a IL property tax assessment
  3. Remove PMI to cut their monthly mortgage payment
  4. Reinstate your Home Equity Line of Credit (or HELOC)
  5. Review a different appraiser's report for verification
  6. In the case of a IL divorce, when real estate property needs to be divided
  7. To determine the true market value of property in question to settle an estate in Marion county or IL

Own a house in or near Odin, IL and need help deciding the price of it?
Contact Thompson Appraisal.

We at Thompson Appraisal understand the individual needs of a homeowner after appraisal services. While our usual clients understand the appraisal process and standard reporting formats, you as a consumer will get extra customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

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

Since you have an emotional attachment to your own home, it's often very hard to be objective about 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 very important as a negotiating tool once you have an attainable buyer, in addition to helping you set a realistic selling price so your home will attract buyers. It's something tangible to show the buyer. An appraisal is an independent third party's opinion of your property's price -- not just you saying how much you think your house is worth. Interested buyers know you have an emotional attachment to your home and will be more likely to give credibility to a professional appraiser's value judgement than yours.

Appraisals to cancel PMI

An attractive way to cut costs 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 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, which will make your monthly payments go down. We're seasoned in helping people just like you get rid of unwanted PMI insurance.

Challenge Marion county's assessment of your property

If you live in a region that is going down or not appreciating as much as other homes close to yours, your local tax assessor may have your house overvalued. This only means you are most likely paying higher taxes than you should be paying. The earlier you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. Getting an expert appraisal from Thompson Appraisal is your best weapon when contesting your property tax assessment.

Was your HELOC recently frozen?

Even if your specific property has not declined in value, your lender may just decide to automatically freeze your home equity line of credit (HELOC) if your property is in a declining area. This can be be bad for your credit score since it may appear as though that credit line is maxed out, and also unsuitable from a cash flow point of view. Thompson Appraisal 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 veteran appraiser to double-check your appraisal for preciseness, or do you want a second opinion without the expense and delay of waiting for a whole new appraisal? In a field review we will go out and check the subject and comparables. If you need it ASAP, 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 you with a a retrospective review of any appraisal you may have had in the past. While typically requested by banks, you may want to take advantage of this service if you suspect mortgage fraud related to your house.