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6 Reasons to consider an appraisal from GKS Appraisal Services

Every year, thousands of people in Pennsylvania buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Even though there are a developing number of automated home valuation methods that may seem less expensive than an appraisal, almost all lenders still call in a local expert because the stakes are so high. Is securing a mortgage the only basis for getting an appraisal? Are there additional instances when the services of a licensed, independent real estate professional might come in handy? You bet.

Let GKS Appraisal Services assist you in lowering your mortgage payment

Contest your tax assessment in Berks County

It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your house, so if prices have declined in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in appealing your tax assessment.

Removing PMI for mortgage payments

When the amount being loaned to the buyeris more than 80% of the actual value of the home, almost all lenders ask buyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this additional payment is lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

GKS Appraisal Services can give you a statement regarding the value of your home, and the price you paid for the appraisal can generally be recovered in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is often complicated by the difficult decision of who maintains the property, and it can be a very horrible event for both parties. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from GKS Appraisal Services, regardless of the situation.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Determine an accurate and fair valuation for estate liquidation

The death of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.

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 worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

Relocate to or from Berks County through an employee relocation program

We are aware of the stress involved with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection.

Close on your home promptly — at an accurate 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. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, seeking a professional appraisal is a trusted 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.

Let GKS Appraisal Services assist you in selling your home quickly at the right price