Why you should get an appraisal from Grantham Appraisal & Realty, Inc.
Every year, thousands of people in Georgia buy, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. The majority of lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that may appear less expensive than an appraisal. 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 might be beneficial? You bet.
Contest your tax assessment
If you reside in an area where the value of property 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. At Grantham Appraisal & Realty, Inc., we're capable of assisting you in appealing your tax assessment.
Removing PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. This added payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Grantham Appraisal & Realty, Inc. can give you a statement regarding the value of your home, and the cost of the home valuation can often be offset in little time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce can be a very daunting ordeal for both parties, and it is often further complicated by the troublesome decision of who gets the house. So both parties are entirely aware of the true market value of their house, it's a good idea to order an appraisal from Grantham Appraisal & Realty, Inc., regardless of the circumstances.
The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Determine an accurate and fair valuation for estate liquidation
The death of a loved one is a difficult 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. We ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocate to or from Muscogee County for work
We understand the stress associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.
Sell your home quickly — for an accurate price
A professional appraisal can help you make a more informed decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they depend on our efforts to finish the appraisal report.
On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to determine 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, because we're experts in knowing how long houses stay on the market.