Why you should get an appraisalThousands of people in Delaware buy, sell or refinance their home every year. Most of these transactions involve a simple line item for an appraisal. And even though there are a developing number of automated home valuation systems that might appear to be more economical than an appraisal, the majority of lenders still call in a local expert because the stakes are so high. But is getting a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a licensed, independent real estate professional might be beneficial? You bet there are.
Let Gorelick Appraisals, Inc. help you dispute your tax assessment in New Castle CountyIf you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Gorelick Appraisals, Inc. is your best evidence when building your case. At Gorelick Appraisals, Inc., we're qualified to assist you in challenging your tax assessment.Removing PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. This extra payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.Gorelick Appraisals, Inc. can provide you with a statement regarding the value of your home, and the expense of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI. Settling a divorce with less stressA divorce is an especially traumatic ordeal for the parties involved, and it is often even more complicated by the hard decision of who keeps the home. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Gorelick Appraisals, Inc., 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 gotten a fair assessment. Accurate and fair estate liquidation with help from Gorelick Appraisals, Inc.Settling an estateThe death 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 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).Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. A home or other property often makes up an uneven 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. Gorelick Appraisals, Inc. can assist you in relocating to or from New Castle CountyMoving due to a job change is a stressful event. We know where you're coming from! 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, along with information about any new sales or listings in their area that they want considered during our detailed process.Let Gorelick Appraisals, Inc. help you sell your home quickly at the right priceA 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 use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees are derived from our efforts to perform the appraisal report and not a percentage of the sales price.We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to decide what improvements will add value and what an applicable 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. |