Reasons to get an appraisal

Thousands of people in Alabama buy, sell or refinance their home each year. Many of these transactions involve a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation processes that may appear to be more cost-effective than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there more cases when the services of a licensed, independent real estate professional could be helpful? Of course.

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

Appeal your tax assessment in Mobile County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your house, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, almost all lenders ask buyers to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

C. Gaba Appraisals, LLC can produce a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the troublesome decision of who maintains the property, and it can be a very traumatic occurrence for both parties. It's a good idea to get an appraisal from C. Gaba Appraisals, LLC so both parties are fully aware of the true market value of their house, regardless of the circumstances.

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 evaluation.

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 calls for 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).

Most Americans do not have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. And since 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 a fair deal.

Relocate to or from Mobile County through an employee relocation program

Employee relocation is a stressful event, and we understand. 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 aspects of their property, along with information about any current sales or listings in their area that they want considered during our detailed inspection.

Sell your home quickly — for an accurate price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision when determining your selling price. 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 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. And we're experts in knowing how long propertiesstay on the market. So, getting a professional appraisal is a reliable 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.

Let C. Gaba Appraisals, LLC assist you in selling your home quickly at the right price