Need an appraisal in Berea or Madison County?

See the top reasons KY homeowners use Spencer Appraisal Team:

Find the right listing price (whether they're selling the home on their own or using a real estate agent)
Challenge a property tax assessment
To cut your mortgage payment by removing PMI
To reinstate your Home Equity Line of Credit (or HELOC)
To review another appraiser's report for verification
If real estate property needs to be divided because of a divorce
To determine the true market value of property in question to settle an estate in Madison County or the state of KY

Own a home in or near Berea, KY and need help determining the value of it?
Contact Spencer Appraisal Team.

At Spencer Appraisal Team, we understand the special needs of a consumer looking for appraisal services. While our usual 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.

For Sale By Owner/Pre-Listing Services

It's very hard to be objective about your home because you most likely have an emotional attachment to it. Our professional appraisers at Spencer Appraisal Team are objective. We won't just tell you what you want to hear, we will tell you what you need to know. In addition to helping you set a realistic price to sell at so your property will attract interested buyers, a professional appraisal is very crucial as a negotiating tool once you have an attainable buyer. It gives you something tangible to show the buyer. The appraisal is an independent third party's opinion of your home's value, not just how much you think your house is worth. Potential buyers know that you have an emotional attachment to your house and will be much more likely to give credibility to an accomplished appraiser's value judgement than yours.

Need to remove PMI?

Getting the PMI (Private Mortgage Insurance) removed from your mortgage loan is an attractive way to save money for homeowners. Your monthly payments will go down once your mortgage loan is less than 80% of the value of your home. In most cases you can apply to the lender to have the PMI canceled from your loan. Spencer Appraisal Team is qualified in helping homeowners just like you rid themselves of unneeded PMI insurance.

Challenge Tax Assessment

Lets say your house is not appreciating as much as other houses close to yours -- your local tax assessor may have your house overvalued. That only means you are probably paying more taxes than you should. Since your property assessment may likely go up again in the next period, the earlier you take care of a matter like this, the better. An appraisal report from Spencer Appraisal Team is your best weapon when contesting your property tax assessment.

Recently got a freeze your HELOC?

Your lender may just choose to automatically freeze your home equity line of credit (HELOC) if your house is close to a declining area -- even if your specific property has not declined in value. This can this be inopportune from a cash flow standpoint, and unfavorable to your credit score since it may appear as though that credit line is maxed out. Spencer Appraisal Team can provide you with a professional appraisal to help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Would you prefer a second opinion without the charge and delay of waiting for a whole new appraisal? Or do you desire an expert to double-check your appraisal for preciseness? An appraiser from Spencer Appraisal Team can go out and check the subject and comparables in question in a field review. If you're in a rush, 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? Spencer Appraisal Team can help with that too. While usually requested by banks, you may need to exercise this service if you suspect mortgage fraud related to your house.