6 Reasons to consider an appraisal from C. Gaba Appraisals, LLC

Each year, thousands of people in Alabama buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Practically all lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that may appear more cost-effective than an appraisal. Is getting a mortgage the only reason to get an appraisal? Are there also cases when the services of a licensed, independent real estate professional could be beneficial? You bet there are.

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

Contest your tax assessment in Mobile County

If you live in an area where property values have 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 can assist you in appealing your tax assessment.

Removing PMI for mortgage payments

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that many lenders ask home buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, 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 do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, C. Gaba Appraisals, LLC will provide you with a statement regarding the value of your home. The cost of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

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

If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Ascertain an accurate and fair 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Relocate to or from Mobile County for work

We are aware of the stress involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any new sales or listings in their area that they want considered during our detailed inspection.

Sell your home promptly — at the right price

A professional appraisal can help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they depend on our efforts to complete the appraisal report.

We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted 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, because we're experts in knowing how long houses are one the market.

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