6 Reasons to consider an appraisal from Gregory James Company, Inc.
Thousands of people in Georgia purchase, sell or refinance their home each year. Most of these transactions have a simple line item for an appraisal. And while there are a multiplying number of automated home valuation methods that may appear more economical than an appraisal, most lenders still call in a local expert because the stakes are very high. Is securing a mortgage the only reason you should get an appraisal? Are there also instances when the services of a certified, independent real estate professional could be helpful? You bet there are.
Challenge your tax assessment
If you reside in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Gregory James Company, Inc. is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the homeowneris more than 80% of the actual value of the property, nearly all lenders ask homebuyers to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Gregory James Company, Inc. can give you a statement regarding the value of your home. The expense of the home valuation can often be regained 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 is an especially horrible ordeal for the parties involved, and it is often more complicated by the hard decision of who gets the house. Regardless of the circumstances, it's a good idea to order an appraisal from Gregory James Company, Inc. so both parties are completely aware of the true market value of their property.
If the parties need to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidation
The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these matters. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from Polk County through an employee relocation program
We know the stress involved with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any current sales or listings in their neighborhood that they want considered during our intensive inspection.
Close on your home promptly — at an accurate price
A professional appraisal will help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't related to 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 determine 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 homes stay on the market.