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MG Mullins & Company in Alamosa is hired for diverse reasons

To a lot of people, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. And while there are a developing number of automated home valuation processes that might appear more practical than an appraisal, almost all lenders still want a local expert because the stakes are incredibly high. You might think that securing a mortgage is the only reason to acquire an appraisal, but there are additional times when the services of a licensed, independent real estate professional might be beneficial.

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Let MG Mullins & Company help you appeal your tax assessment.

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from MG Mullins & Company is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.

MG Mullins & Company can help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the property, many lenders ask home owners to buy an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is bad because PMI is no longer required when the remaining balance 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 remove the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to eliminate PMI, MG Mullins & Company will produce a statement regarding the value of your home. The price you paid for the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.

An appraisal from MG Mullins & Company will help you settle a divorce with less stress

A divorce is an especially daunting ordeal for the parties involved, and it is often more complicated by the challenging decision of who maintains the house. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from MG Mullins & Company, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they want to sell the home. On the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Settling an estate with peace of mind

The loss of a loved one is a difficult 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. 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 leave knowing they've received an honest deal.

Let MG Mullins & Company help you with relocating to or from the San Luis Valley

Moving due to a job change can be a real pain, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough process, we encourage employees that are moving to provide feedback on the positive attributes of their property, as well as information regarding any recent sales or listings in their area that they want considered.

Selling your home quickly at the right price with an appraisal from MG Mullins & Company

A professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't contingent upon the value we report, but rather they depend on our efforts to complete the appraisal.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes stay on the market. So, getting 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 too long, costing you hassle and money.