Reasons to order an appraisal

Thousands of people in Kentucky buy, sell or refinance their home every month. A lot of these transactions have 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 multiplying number of automated home valuation processes that may seem more cost-effective than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there more instances when the services of a certified, independent real estate professional could be beneficial? You bet there are.

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Contest your tax assessment in Barren County

If you are in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Graham Appraisal is your best evidence when building your case. We can assist you in appealing your tax assessment.

PMI removal to reduce a mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that many lenders ask homebuyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. More often than not, this additional payment is lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

Graham Appraisal will give you a statement regarding the value of your home, and the price you paid for the appraisal can often be recovered in little time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is an especially horrible experience for the parties involved, and it is often further complicated by the burdensome decision of who keeps the property. It's a good idea to get an appraisal from Graham Appraisal so both parties are entirely aware of the true market value of their home, regardless of the circumstances.

The parties will have a good 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 gotten a fair evaluation.

Fair and accurate estate liquidation

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate 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 issues, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Barren County through an employee relocation program

We are aware of the stress associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any current sales or listings in their area that they want considered during our thorough inspection.

Sell your home promptly — for an accurate price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.

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 properties stay on the market.

Let Graham Appraisal help you sell your home quickly at the right price