Appraisal services for Scarborough and Cumberland County homeowners

Here are the top seven reasons ME homeowners order from Erica Gray:

  1. Pre-listing appraisals (whether you're using a real estate agent or selling the home on your own)
  2. To challenge a ME property tax assessment
  3. Remove PMI to reduce your mortgage payments
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Review a different appraiser's report for verification
  6. If property needs to be divided because of a divorce
  7. To settle an estate in Cumberland county or ME by determining the true market value of real estate in question

Own a home in or near Scarborough, ME and need help determining the value of it?
Contact Erica Gray.

At Erica Gray, we understand the unique needs of a homeowner looking for appraisal services. Our customary business clients are used to the appraisal process and the standard "products" we deliver to them. But as a general consumer,you'll receive extra guidance and explanations through the appraisal process to more fully understand what we do and how we present our findings.

For Sale By Owner/Pre-Listing Services

It's very hard to be objective about your home because you probably have an emotional attachment to it. Professional appraisers, like the ones at Erica Gray, are objective. We'll tell you what you need to know, not just what you want to hear. A professional appraisal is a very important negotiating tool once you have an interested buyer, in addition to helping you set a realistic price to sell at so your home will attract interested buyers. It's something concrete to show the buyer. An appraisal is an independent third party's opinion of your house's value -- not just you saying how much your house is worth. Potential buyers assume that you have an emotional attachment to your house and will be much more likely to give credibility to an expert appraiser's value judgement than yours.

PMI Removal Appraisals

A popular money saver for homeowners is to get the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan is down below 80% of the value of your home. In most cases you can apply to a lender to have the PMI eliminated from your loan. We are experts in helping folks just like you delete undesirable PMI insurance.

Challenge Tax Assessment

Lets say your home is not appreciating as much as other properties nearby -- your local tax assessor may have your home overvalued. This means you are going to pay higher taxes than you should be paying. The earlier you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. An appraisal from Erica Gray is your chief weapon when challenging your property tax assessment.

HELOC recently frozen?

If your home is in or near a declining area, your lender just may decide to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be be bad for your credit score since it may appear as though that credit line is maxed out, and also annoying from a cash flow angle. Erica Gray can help you reinstate your HELOC.

Field and Desktop Appraisal Review Services

Would you wish a second opinion without the added cost and delay of waiting for a whole new appraisal? Or do you want a seasoned professional to double-check your appraisal for accuracy? We can go out and check the subject and comps in a field review. Or, if you're in a rush, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.

Do you need a retrospective review of an appraisal? Erica Gray can help with that too. Even though this is usually requested by banks, you may want to utilize this service if you suspect mortgage fraud related to your property.