Why you should get an appraisal from C. Gaba Appraisals, LLC

Thousands of people in Alabama purchase, sell or refinance their home every year. A lot of these transactions consist of a simple line item for an appraisal. And even though there are a budding number of automated home valuation processes that might appear to be more practical than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. Is obtaining a mortgage the only reason to acquire an appraisal? Are there more situations when the services of a licensed, independent real estate professional could be beneficial? Absolutely.

Let C. Gaba Appraisals, LLC help you lower your mortgage payment

Challenge your tax assessment

If you are in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in challenging your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance plan that many lenders ask home buyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Very often, this added payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

C. Gaba Appraisals, LLC will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be regained in little time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is a particularly daunting experience for the parties involved, and it is often more complicated by the difficult decision of who keeps the property. It's a good idea to order an appraisal from C. Gaba Appraisals, LLC so both parties are entirely aware of the true market value of their home, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation

Losing 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, guaranteeing the utmost degree of discretion.

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth 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 for work

We are familiar with 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 suggest relocating employees to provide input on the positive characteristics of their property, as well as information regarding any recent sales or listings in their area that they want considered.

Sell your home quickly — at the right price

A professional appraisal can help you make a more informed decision when determining your selling price, whether you decide to sell your home on your own or with the help 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 are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesstay on the market. So, getting a professional appraisal is a reliable way to decide 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.

Let C. Gaba Appraisals, LLC help you sell your home quickly at the right price