Attention homeowners in Erie and Erie County: Get an Appraisal today!

Here are the top seven reasons PA homeowners use Bay City R.E., Ltd. REALTORS:

  1. Get a pre-listing appraisal (whether you're using a real estate agent or selling the home on your own)
  2. Challenge Erie county's assessment of your propertyworth
  3. To lower a mortgage payment by removing PMI
  4. Reinstate your Home Equity Line of Credit (or HELOC)
  5. Review a different appraiser's report for verification
  6. If real estate property needs to be divided because of a divorce
  7. Settle an estate in PA by determining the true market value of property in question

Need help deciding the price of your home in or near Erie, PA?
Contact Bay City R.E., Ltd. REALTORS.

At Bay City R.E., Ltd. REALTORS, we understand the special needs of a customer seeking appraisal services. Our business practices and reporting formats are familiar to our business clients like lenders, attorneys, and CPAs. But as a general consumer,we will provide you with extra guidance and explanations through the appraisal process to better understand what we do and how we document our findings.

Pre-listing Services/For Sale By Owner

Since you have an emotional attachment to your own house, it's often very hard to be objective about it. Our professional appraisers at Bay City R.E., Ltd. REALTORS 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 selling price so your home will attract interested buyers, a professional appraisal is very important as a negotiating tool once you have a likely buyer. It gives you something tangible to show the 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. Interested buyers assume you have an emotional attachment to your home and will be more likely to give credibility to an experienced appraiser's value conclusion than yours.

Appraisals to remove PMI

Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is an attractive way to cut expenses for homeowners. Once your mortgage loan is down 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. We are qualified in helping consumers just like you do away with unneeded and unwanted PMI insurance.

Challenge Erie county's assessment of your property

If you live in a region that is going down or is not appreciating as much as other homes close by, your local tax assessor may have your home overvalued. That means you are probably paying more taxes than you should. The earlier you take care of things like this, the better off you'll be, since your property assessment may likely go up again in the next period. Getting an appraisal report from Bay City R.E., Ltd. REALTORS is your chief weapon when contesting your property tax assessment.

Recently got a freeze your HELOC?

If your home is near a declining area, your lender just may choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be be destructive to your credit score since it may appear as though that credit line is maxed out, and also inconvenient from a cash flow angle. Bay City R.E., Ltd. REALTORS can help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Have you just been handed a copy of your appraisal and you would prefer to have a seasoned appraiser double-check it for accuracy 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 question in a field review. If you need it immediately, 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? Bay City R.E., Ltd. REALTORS can We can assist you. While usually requested by banks, you may wish to make use of this service if you suspect mortgage fraud related to your home.