Why get an appraisal from Richard J. Nicholson PC?

Thousands of people in Georgia purchase, sell or refinance their home every year. Most of these transactions contain a simple line item for an appraisal. While there are a developing number of automated home valuation systems that might seem more practical than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. You might assume that obtaining a mortgage is the only reason you should get an appraisal, but there are other situations when the services of a certified, independent real estate professional could come in handy.

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Let Richard J. Nicholson PC help you challenge your tax assessment in Gwinnett County

It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your real estate, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from Richard J. Nicholson PC is your best evidence. At Richard J. Nicholson PC,we can assist you in appealing your tax assessment.

How can you eliminate PMI to lower your mortgage payment?

When the amount being loaned to the buyer is more than 80% of the actual value of the real estate, many lenders ask buyers to buy an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

Richard J. Nicholson PC will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is a particularly traumatic ordeal for the parties involved, and it is often further complicated by the burdensome decision of who maintains the property. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Richard J. Nicholson PC, regardless of the circumstances.

The parties will have a good idea 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 gotten a fair assessment.

Trustworthy estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the absolute value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Let Richard J. Nicholson PC assist you in relocating to or from Gwinnett County

Employee relocation is a stressful event. We know where you're coming from. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we recommend relocating employees to provide input on the positive aspects of their property, along with information regarding any new sales or listings in their neighborhood that they want considered.

Sell your home quickly at the right price with an appraisal from Richard J. Nicholson PC

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. 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 based on our efforts to complete the appraisal report and not a percentage of the sales price.

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 are on the market. So, seeking a professional appraisal is a trusted way to determine 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 too long, costing you time and money.