Why order an appraisal from Gilpatrick Appraisal ?

Year after year, thousands of people in North Carolina purchase, sell or refinance their home. Most of these transactions consist of a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation processes that may seem less expensive than an appraisal. You might think that getting a mortgage is the only basis for getting an appraisal, but there are other cases when the services of a certified, independent real estate professional could be beneficial.

Contact Gilpatrick Appraisal if you're planning on any transaction where the value of your home is a factor. Just click here

Dispute your tax assessment in Mecklenburg County

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Gilpatrick Appraisal is your best evidence when building your case. At Gilpatrick Appraisal ,we can assist you in challenging your tax assessment.

Let Gilpatrick Appraisal assist you in lowering your mortgage payment

When the amount being loaned to the home owner is more than 80% of the actual value of the property, almost all lenders ask homebuyers to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is 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 eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Gilpatrick Appraisal will provide you with a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce can be a particularly daunting event for both parties, and it is often even more complicated by the difficult decision of who keeps the property. It's a good idea to get an appraisal from Gilpatrick Appraisal so both parties are completely aware of the true market value of their house, regardless of the situation.

If the parties need 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.

Accurate and fair estate liquidation

Losing 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage 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 vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Mecklenburg County

Moving due to a job change is a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our thorough process.

Selling your home quickly at the right price

A professional appraisal will help you make a better educated decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they are calculated on our efforts to complete the appraisal.

On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining 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 homes stay on the market.