Why you should order an appraisal from J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT
To many, an appraisal is simply one more thing in the long list of items for a home purchase or refinance. While there are a multiplying number of automated home valuation systems that may appear to be more practical than an appraisal, nearly all lenders still want a local expert because the stakes are incredibly high. Is securing a mortgage the only basis for getting an appraisal? Are there other cases when the services of a licensed, independent real estate professional might come in handy? You bet.
Dispute your tax assessment in Ouachita County
If you are in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT, we're equipped to assist you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask homeowners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the property. More often than not, this added payment is lumped into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases 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.
If you'd like to eliminate PMI, J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT will produce a statement regarding the value of your home. The cost of the home valuation can often be offset in little time because you'll no longer be paying the PMI.
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Get a clear valuation on a home for divorce settlements
A divorce can be a particularly horrible event for both parties, and it is often more complicated by the burdensome decision of who gets the house. Regardless of the situation, it's a good idea to get an appraisal from J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT so both parties are entirely aware of the true market value of their home.
The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation
The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And since a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Ouachita County through an employee relocation program
We are aware of the headaches associated with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide remarks on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered.
Close on your home promptly — at an accurate price
A professional appraisal will help you make a better educated decision when determining your asking 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 related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.
We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, getting a professional appraisal is a trusted 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.