Reasons to consider an appraisal from J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT

Every year, thousands of people in Louisiana buy, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. And even though there are a developing number of automated home valuation processes that may appear to be more economical than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. Is getting a mortgage the only reason to get an appraisal? Are there additional situations when the services of a certified, independent real estate professional might come in handy? You bet there are.

Let J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT assist you in lowering your mortgage payment

Appeal your tax assessment in Ouachita County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in appealing your tax assessment.

PMI removal to lower a mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, most lenders ask homeowners to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't necessary 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 Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT will give you a statement regarding the value of your home. The cost of the appraisal can generally be regained 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 difficult decision of who gets the house, and it can be an especially horrible experience for both parties. It's a good idea to order an appraisal from J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT so both parties are fully aware of the true market value of their home, regardless of the situation.

The parties will have a good idea 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 assessment.

Determine a fair and accurate valuation for estate liquidation

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires 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 maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike many wealthy individuals. 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 essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Ouachita County through an employee relocation program

We are familiar with the headaches involved with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide feedback on the positive aspects of their property, along with information about any current sales or listings in their neighborhood that they want considered.

Sell your home quickly — at an accurate price

A professional appraisal will help you make a better educated decision regarding your asking price, whether you want 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 a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, 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.

Let J. GRAHAM GAULT REAL ESTATE APPRAISER & CONSULTANT assist you in selling your home quickly at the right price