Let C. Gaba Appraisals, LLC handle your appraisal needs
To many, an appraisal just looks like another cost in the long list of items for a mortgage or refinance. Practically all lenders still want a local expert because the stakes are so high, even though there are an increasing number of automated home valuation systems that might appear to be more prudent than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there other times when the services of a licensed, independent real estate professional could come in handy? Absolutely.
Dispute your tax assessment
It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if values have gone down in your neighborhood, you can challenge your assessment and save money. An appraisal from C. Gaba Appraisals, LLC is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.
PMI removal to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that nearly all lenders ask home buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. This is bad because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
C. Gaba Appraisals, LLC will produce a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in little time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce is a particularly traumatic event for the parties involved, and it is often even more complicated by the strenuous decision of who keeps the property. Regardless of the circumstances, it's a good idea to order an appraisal from C. Gaba Appraisals, LLC so both parties are completely aware of the true market value of their house.
The parties will have a clearer picture of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Move to or from Mobile County through an employee relocation program
We know the headaches involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide remarks on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered.
Close on your home quickly — at an accurate price
A professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time, because we're experts in knowing how long houses are one the market.