Camille McDonald & Associates in Gulfport are called upon for diverse reasonsTo many, an appraisal just looks like a line item on the settlement sheet for a home purchase or refinance. And while there are a developing number of automated home valuation systems that might seem more prudent than an appraisal, most lenders still want a local expert because the stakes are so high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could be helpful.
Dispute your tax assessment in Harrison CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a previous assessment of your real estate, so if values have gone down in your area, you can appeal your assessment and save money. An appraisal from Camille McDonald & Associates is your best evidence when building your case. At Camille McDonald & Associates,we can assist you in challenging your tax assessment.
Camille McDonald & Associates can help you eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, nearly all lenders ask home buyers to take out an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is bundled into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
Camille McDonald & Associates can produce a statement regarding the value of your home, and the price you paid for the home valuation can usually be recovered in just a few months because you'll no longer be paying the PMI.
An appraisal from Camille McDonald & Associates will help you settle a divorce with less stressA divorce is a very 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 completely aware of the true market value of their property, it's a good idea to get an appraisal from Camille McDonald & Associates, regardless of the circumstances.
The parties will have a better 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 gotten a fair assessment.
Settling an estate with peace of mindLosing a loved one is a painful 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 utmost 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 manage these issues, unlike wealthier 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 essential importance to ensuring disputing parties leave knowing they've received a fair deal.
Camille McDonald & Associates can assist you in relocating to or from Harrison CountyMoving due to a job change can be a more than just an inconvenience. We know where you're coming from. We take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed process, we recommend employees that are moving to provide input on the positive attributes of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered.
Don't sell out for too little or keep your home on the market too long.A professional appraisal can 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. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, getting 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.