Reasons someone would call Ed Gray AssociatesThousands of people in Texas purchase, sell or refinance their home every year. Many of these transactions have a simple line item for an appraisal. And while there are a budding number of automated home valuation systems that might seem more practical than an appraisal, practically all lenders still call in 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 come in handy.
Dispute your tax assessment in Bexar CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Ed Gray Associates is your best evidence when building your case. At Ed Gray Associates, we're qualified to assist you in challenging your tax assessment.
Let Ed Gray Associates help you eliminate PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance plan that nearly all lenders ask homebuyers to purchase when the amount being loaned to the buyer 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. This is unfavorable because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to remove the PMI installments when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, Ed Gray Associates can produce a statement regarding the value of your home. The cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Ed Gray AssociatesA divorce is often complicated by the challenging decision of who gets the house, and it can be a very heartbreaking ordeal for both parties. Regardless of the situation, it's wise to get an appraisal from Ed Gray Associates so both parties are entirely aware of the true market value of their property.
The parties will have a better idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Fair and accurate estate liquidation with help from Ed Gray AssociatesSettling an estateThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. We guarantee 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 do not have dedicated estate planners or executors to manage these matters, unlike many wealthy 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 essential importance to ensuring disputing parties walk away knowing they've received a fair deal.
Let Ed Gray Associates assist you in relocating to or from Bexar CountyWe are aware of the headaches associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed process, we encourage employees that are moving to provide feedback on the positive features of their property, as well as information about any current sales or listings in their area that they want considered.
Selling your home quickly at the right price with an appraisal from Ed Gray AssociatesA professional appraisal can help you make a more informed decision when determining your asking price, whether you decide 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, unlike real estate agents. Our fees are derived from our efforts to perform the appraisal report and and aren't related to the sales price.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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 are one the market.