Reasons to order an appraisal from GKS Appraisal Services
To many, an appraisal is simply one more thing on the break-sheet for a home sale or refinance. The majority of lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation methods that may appear cheaper than an appraisal. You might think that getting a mortgage is the only basis for getting an appraisal, but there are more times when the services of a certified, independent real estate professional might come in handy.
Contest your tax assessment
If you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from GKS Appraisal Services is your best evidence when building your case. At GKS Appraisal Services, we're equipped to assist you in appealing your tax assessment.
Removing PMI for mortgage payments
When the amount being loaned to the home buyeris more than 80% of the actual value of the home, most lenders ask home buyers to take out this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't required when the leftover 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 implemented by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
GKS Appraisal Services will provide you with a statement regarding the value of your home, and the price you paid for the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI.
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Divorce settlement with fewer hang-ups
A divorce can be a particularly horrible experience for both parties, and it is often further complicated by the hard decision of who gets the property. So both parties are fully aware of the true market value of their property, it's a good idea to order an appraisal from GKS Appraisal Services, regardless of the circumstances.
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 received a fair assessment.
Fair and accurate estate liquidation
The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair 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).
Most Americans do not have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Berks County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide feedback on the positive attributes of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Sell your home promptly — at the right price
A professional appraisal can help you make a better educated decision regarding your asking 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 amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal report.
On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, obtaining a professional appraisal is a trusted 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.