Reasons you should order an appraisal from Giles Appraisal Group, Inc.

Each year, thousands of people in Florida purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. And while there are a developing number of automated home valuation systems that might appear to be more practical than an appraisal, practically all lenders still need a local expert because the stakes are very high. Is securing a mortgage the only reason you should get an appraisal? Are there additional times when the services of a certified, independent real estate professional might come in handy? You bet there are.

Let Giles Appraisal Group, Inc. help you lower your mortgage payment

Appeal your tax assessment

It's likely you're paying too much in property taxes if you live 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 challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in challenging your tax assessment.

PMI removal to reduce a mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all 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 property. More often than not, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Giles Appraisal Group, Inc. can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce can be a particularly daunting event for both parties, and it is often more complicated by the challenging decision of who gets the house. Regardless of the situation, it's a good idea to order an appraisal from Giles Appraisal Group, Inc. so both parties are completely aware of the true market value of their house.

The parties will have a a good idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Ascertain an accurate and fair valuation for estate liquidation

The death 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. 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 don't have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Bay County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide feedback on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered.

Close on your home quickly — at the right price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount 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 propertiesare on the market. So, getting a professional appraisal is a trusted 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 Giles Appraisal Group, Inc. help you sell your home quickly at the right price