Gold Medal Appraisals perform appraisals for diverse reasonsThousands of people in the Southern Arizona region purchase, sell or refinance their home every year. A lot of these transactions have a simple line item for an appraisal. Even though there are a budding number of automated home valuation systems that may appear more economical than an appraisal, the majority of lenders still need a local expert because the stakes are so high. You might believe that obtaining a mortgage is the only basis for getting an appraisal, but there are more cases when the services of a certified, independent real estate appraiser might come in handy.
Let Gold Medal Appraisals help you dispute your tax assessment in Pima County and surrounding areas.It's quite 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 previous assessment of your real estate, so if values have gone down in your area, you can appeal your assessment and save money. When building your case, an appraisal from Gold Medal Appraisals is your best evidence. At Gold Medal Appraisals, we're equipped to assist you in disputing your tax assessment.
Let Gold Medal Appraisals help you lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the home, nearly all lenders ask homebuyers to take out an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Gold Medal Appraisals will provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a particularly daunting event for both parties, and it is often further complicated by the hard decision of who keeps the house. Regardless of the circumstances, it's wise to get an appraisal from Gold Medal Appraisals so both parties are entirely aware of the true market value of their home.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Settling an estateLosing 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 fullest 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 handle these issues, unlike wealthier individuals. A home or other property often makes up an unequal 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 gotten a fair deal.
Relocating to or from Southwestern Arizona?Moving due to a job change can be a real pain, and we understand. We take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information regarding any new sales or listings in their area that they want considered during our intensive process.
Selling your home quickly at the right price with an appraisal from Gold Medal Appraisals
Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to perform the appraisal report and aren't related to the sales price.
Service Area Includes the areas of: Tucson, NW Tucson, Oro Valley, Marana, Catalina, and Oracle.