The staff at G. E. Nichols Appraisal can provide a variety of appraisal services for just about any reason you can think of...

Year after year, thousands of people in New Mexico buy, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation methods that may appear to be more cost-effective than an appraisal. You might assume that getting a mortgage is the only reason to get an appraisal, but there are more times when the services of a certified, independent real estate professional might be beneficial.

When you're planning on any transaction where the value of your home is a factor, contact G. E. Nichols Appraisal Services. Just click here

Let G. E. Nichols Appraisal Services help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the real estate, almost all lenders ask buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is folded into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the leftover 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 do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, G.E. Nichols Appraisal Services will provide you with a statement regarding the value of your home. The cost of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI.

Accurate and fair estate liquidation with G. E. Nichols Appraisal Services Settling an estate

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 real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. 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 significant importance to ensuring disputing parties leave knowing they've received an honest deal.

Sell your home quickly at the right price with an appraisal from G. E. Nichols Appraisal Services

A professional appraisal will help you make a better educated decision when determining your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't related to the sales price, but rather they rest on our efforts to finish the appraisal.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining 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 an unnecessarily long time - because we're experts in knowing how long houses are one the market.

Building a new home? G.E. Nichols Appraisal Services can complete a Plans & Specifications appraisal for your construction loan

G. E. Nichols Appraisal Services staff has extensive experience in completing plans and specifications appraisal for new residences, as well as additions to existing residences. Our local expertise will aid in providing your lender a more accurate determination of market value in order to acquire the loan for your new home.

Got land? From evaluations of a home site to the estimated market value of a projected subdivision, G. E. Nichols Appraisal Services can provide an appraisal

Our thirty plus years' service in the Northern New Mexico area provides key insights into land valuation in Taos and Western Colfax counties. Whether you are preparing to list your property, purchase a property, or develop a property, we have the tools to meet your needs.