Let Giles Appraisal Group, Inc. serve your appraisal needs
Thousands of people in Florida buy, sell or refinance their home each month. A lot of these transactions involve a simple line item for an appraisal. And while there are a developing number of automated home valuation methods that might appear more cost-effective than an appraisal, practically all lenders still call for a local expert because the stakes are very high. You might believe that obtaining a mortgage is the only basis for getting an appraisal, but there are more cases when the services of a certified, independent real estate professional might come in handy.
Challenge your tax assessment in Bay County
It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Giles Appraisal Group, Inc. is your best evidence when building your case. At Giles Appraisal Group, Inc., we're qualified to assist you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask homeowners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This additional payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the leftover balance 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 passed by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
Giles Appraisal Group, Inc. will give you a statement regarding the value of your home, and the price you paid for the home valuation can often be offset in just a few months 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 home, and it can be a particularly daunting ordeal for both parties. Regardless of the situation, it's a good idea to order an appraisal from Giles Appraisal Group, Inc. so both parties are fully aware of the true market value of their property.
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
Losing a loved one is a painful 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. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an uneven 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 for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed inspection.
Close on your home quickly — for the right price
A professional appraisal can help you make a more informed decision when determining your selling price, whether you want 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, apart from real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.
On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted 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, because we're experts in knowing how long houses stay on the market.