Reasons to hire an appraiser
Thousands of people in Alabama buy, sell or refinance their home each month. Many of these transactions consist of a simple line item for an appraisal. And while there are an increasing number of automated home valuation processes that might appear more economical than an appraisal, nearly all lenders still call in a local expert because the stakes are incredibly high. Is securing a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a certified, independent real estate professional might be beneficial? Of course.
Challenge your tax assessment
If you live in an area where the value of property 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 C. Gaba Appraisals, LLC, we're equipped to assist you in challenging your tax assessment.
PMI removal to reduce your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that most lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, C. Gaba Appraisals, LLC will provide you with a statement regarding the value of your home. The price you paid for the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from C. Gaba Appraisals, LLCOrder today
Divorce settlement with fewer hang-ups
A divorce is a very daunting event for the parties involved, and it is often more complicated by the challenging decision of who gets the house. It's a good idea to order an appraisal from C. Gaba Appraisals, LLC so both parties are completely aware of the true market value of their property, regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they wish 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.
Ascertain a fair and accurate valuation for estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Move to or from Mobile County through an employee relocation program
Employee relocation is a stressful event, and we understand. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our detailed inspection.
Close on your home quickly — at an accurate price
A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or with the help 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 housesare on the market. So, seeking a professional appraisal is a reliable way to decide what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.