Why you should order an appraisal

To many, an appraisal is simply another fee on the settlement sheet for a home purchase or refinance. The majority of lenders still call for a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that might appear more cost-effective than an appraisal. Is securing a mortgage the only reason to get an appraisal? Are there other instances when the services of a licensed, independent real estate professional might be helpful? Of course there are.

Let J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT help you lower your mortgage payment

Dispute your tax assessment

It's possible 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 past assessment of your home, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT is your best evidence when building your case. We can assist you in appealing your tax assessment.

Remove PMI to lower your mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, most lenders ask home owners to take out this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT can give you a statement regarding the value of your home, and the cost of the home valuation can usually be offset in just a few months because you'll no longer be paying the PMI.

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Get a clear valuation on a home take make a divorce settlement less stressful

A divorce is an especially daunting event for the parties involved, and it is often even more complicated by the burdensome decision of who gets the home. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT, regardless of the circumstances.

The parties will have a good idea of what price to set, if they wish 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 painful time in life, and settling an estate from a death, or probate, often calls for 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 don't have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Ouachita County for work

We know the stress involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their neighborhood that they want considered during our thorough inspection.

Sell your home quickly — for the right price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable 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 houses are one the market.

Let J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT help you sell your home quickly at the right price