Need an appraisal in Silver Spring or Montgomery County?

Here are the top 7 reasons MD homeowners need Gallagher Appraisal Associates:

  1. Find the right listing price (whether they're selling the home on their own or using an agent)
  2. Challenge a property tax assessment
  3. To reduce a monthly mortgage payment by removing PMI
  4. Reinstate their Home Equity Line of Credit (HELOC)
  5. Verify another appraiser's report
  6. In the case of a MD divorce, where property needs to be divided
  7. To determine the true market value of real estate in question to settle an estate in MD

Do you own a home in or near Silver Spring? Do you need help deciding the value of your real estate?
Contact Gallagher Appraisal Associates.

We at Gallagher Appraisal Associates understand the special needs of a customer after appraisal services. Our business practices and reporting formats are familiar to our business clients like lenders, lawyers, and CPAs. As our client, we'll be sure you get extra guidance and explanations through the appraisal process to understand what we do and how we document our conclusions.

For Sale By Owner/Pre-Listing Services

Since you have an emotional attachment to your own home, it's often very hard to be objective about it. Our professional appraisers at Gallagher Appraisal Associates are objective. We won't just tell you what you want to hear, we will tell you what you need to know. 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 buyers. It gives you something tangible to show your buyer. The appraisal is an independent third party's opinion of your property's value, not just you saying how much you think your house is worth. Interested buyers assume that you have an emotional attachment to your home and will be much more likely to give credibility to an experienced appraiser's value estimation than yours.

Appraisals to remove PMI

PMI stands for Private Mortgage Insurance. A popular way to cut costs for homeowners is to get the PMI removed from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan is down below 80% of the value of your home, in most cases you can apply to your lender to have the PMI eliminated from your loan, which will make your monthly payments go down. At Gallagher Appraisal Associates, we're qualified in helping people just like you get rid of unwanted PMI insurance.

Challenge a property tax assessment

If you live in a region that is declining or not appreciating as much as other houses nearby, your local tax assessor may have your home overvalued. This means you're probably paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the faster you take care of things like this, the better. An appraisal report from Gallagher Appraisal Associates is your best weapon when challenging your property tax assessment.

Was your HELOC recently frozen?

Even if your specific property has not declined in value, your lender might decide to automatically freeze your home equity line of credit (HELOC) if your home is in a declining area. This can be be damaging to your credit score since it may appear as though that credit line is maxed out, and also inopportune from a cash flow angle. Gallagher Appraisal Associates can provide you with efficient appraisal to help you reinstate your home equity line of credit.

Field and Desktop Appraisal Review Services

Would you prefer a second opinion without the charge and delay of waiting for a whole new appraisal? Or do you desire a professional to double-check your appraisal for efficiency? An appraiser from Gallagher Appraisal Associates can go out and check the subject and comparables in question in a field review. Or, if you're in a rush, we can provide you with a 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 report? Gallagher Appraisal Associates can help you with that. While typically requested by banks, you may need to take advantage of this service if you suspect mortgage fraud related to your house.