There are lots of reasons people call on Gallagher AppraisalsThousands of people in Ohio buy, sell or refinance their home every month. Many of these transactions contain a simple line item for an appraisal. And even though there are a growing number of automated home valuation systems that may appear more practical than an appraisal, most lenders still need a local expert because the stakes are incredibly high. But is securing a mortgage the only basis for getting an appraisal? Are there more cases when the services of a licensed, independent real estate professional could come in handy? You bet.
Let Gallagher Appraisals help you appeal your tax assessment in Delaware CountyIt's quite possible 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 home, so if prices have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Gallagher Appraisals is your best evidence. We're equipped to assist you in disputing your tax assessment.
Let Gallagher Appraisals help you do away with PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that many lenders ask homebuyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Very often, this added payment is folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to eliminate the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
Gallagher Appraisals can give you a statement regarding the value of your home, and the expense of the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a particularly traumatic ordeal for the parties involved, and it is often further complicated by the strenuous decision of who keeps the property. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Gallagher Appraisals, regardless of the situation.
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.
Settling an estate with peace of mindThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. 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 vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Gallagher Appraisals can assist you in relocating to or from Delaware CountyWe know the stress associated with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any current sales or listings in their area that they want considered during our thorough process.
Don't sell out short or let your home stay on the market too long.A professional appraisal can help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to complete the appraisal report and not a percentage of the sales price.
We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable 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.