Let Gipson Real Estate Services, LLC take care of your appraisalThousands of people in Texas buy, sell or refinance their home each year. A lot of these transactions include a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are very high, even though there are a growing number of automated home valuation processes that may seem more cost-effective than an appraisal. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be helpful.
Appeal your tax assessment in CountyIt's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your house, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from Gipson Real Estate Services, LLC is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment.
How can you get rid of PMI to lower your mortgage payment?When the amount being loaned to the homeowner is more than 80% of the actual value of the home, many lenders ask buyers to buy an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Gipson Real Estate Services, LLC will 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 little time because you'll no longer be paying the PMI.
An appraisal from Gipson Real Estate Services, LLC will help you settle a divorce with less stressA divorce can be a particularly traumatic ordeal for both parties, and it is often more complicated by the difficult decision of who maintains the property. Regardless of the situation, it's a good idea to get an appraisal from Gipson Real Estate Services, LLC so both parties are completely aware of the true market value of their home.
The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received 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 requires an appraisal to establish 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 do not have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an unequal share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocating to or from CountyEmployee relocation can be a more than just an inconvenience, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough process, we suggest relocating employees to provide feedback on the positive aspects of their property, as well as information about any new sales or listings in their area that they want considered.
Don't sell out short or let your home stay on the market too long.Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't contingent upon the value we come up with, but rather they depend on our efforts to complete the appraisal.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable 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 properties are one the market.