Ordering an appraisal from Charles M. GrayTo many, an appraisal just looks like another cost on the settlement sheet for a home purchase or refinance. And while there are a growing number of automated home valuation methods that may appear to be less expensive than an appraisal, most lenders still call in a local expert because the stakes are very high. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are other instances when the services of a certified, independent real estate professional could be beneficial.
Challenge your tax assessment in Beaufort CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a past assessment of your house, so if values have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from Charles M. Gray is your best evidence. At Charles M. Gray Appraising, I can assist you in challenging your tax assessment.
How can you eliminate PMI to lower your mortgage payment?Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. Oftentimes, this additional payment is folded into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
Charles M. Gray will produce a statement regarding the value of your home, and the expense of the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.
An appraisal from Charles M. Gray will help you settle a divorce with less stressA divorce can be a very traumatic event for both parties, and it is often further complicated by the difficult decision of who gets the property. So both parties are completely aware of the true market value of their home, it's a good idea to order an appraisal from Charles M. Gray, regardless of the situation.
If the parties wish to sell the home, they'll have a better idea of what price to set. 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 death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the real estate involved. We guarantee the highest 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 take care of these issues. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Let Charles M. Gray help you with relocating to or from Beaufort CountyWe understand the stress associated with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive process, we suggest employees that are moving to provide feedback on the positive features of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.
Don't sell out for too little or let your home stay on the market too long.Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. The price we charge isn't related to the sales price, but rather they rest on our efforts to complete the appraisal.
We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to determine 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 properties stay on the market.