Reasons to order an appraisal from C. Gaba Appraisals, LLC
To a lot of people, an appraisal just looks like a line item on the settlement sheet for a home purchase or refinance. The majority of lenders still call in a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that might appear to be more economical than an appraisal. Is obtaining a mortgage the only reason to get an appraisal? Are there more instances when the services of a certified, independent real estate professional might be helpful? Of course there are.
Challenge your tax assessment
It's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal 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 challenging your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask homeowners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. More often than not, this added payment is folded into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, C. Gaba Appraisals, LLC can give you a statement regarding the value of your home. The price you paid for the home valuation 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 an especially daunting experience for the parties involved, and it is often further complicated by the strenuous decision of who maintains the home. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from C. Gaba Appraisals, LLC, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Fair and accurate estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Move to or from Mobile County through an employee relocation program
Employee relocation can be a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered during our detailed inspection.
Close on your home promptly — for the right price
A professional appraisal can help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate 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 homes are one the market.