Lafayette Home Appraisals
Since 1994, C. Mark Gremillion, LLC has appraised homes throughout Lafayette, Broussard, Youngsville, Scott, Carencro, New Iberia, Breaux Bridge, Abbeville, and the surrounding Acadiana parishes. Mark Gremillion is a Louisiana State Certified General Real Estate Appraiser and an FHA approved appraiser, with more than thirty years of experience valuing single-family homes, from starter homes and established subdivisions to acreage estates, waterfront property, historic residences, and other homes that do not fit a standard form.
Many of our residential assignments arise when the value of a home has to be settled rather than simply financed. We regularly appraise homes for divorce and community property partitions, successions and estate settlements, and partitions among co-owners, including retrospective values as of a date of death or a date set by the court, and market rent determinations for rental reimbursement claims. Mr. Gremillion has testified as a qualified expert in residential valuation matters in district courts across south Louisiana, and in many cases his value has been accepted and stipulated to by both sides, saving the parties the cost of a trial on that issue.
Every home is personally inspected and measured, and every report is built on verified comparable sales from the local market. Whether you are a homeowner, an attorney, an executor, or a lender, you will receive an independent and well supported opinion of value, delivered on time and explained in plain language.
Not every home appraisal is for a mortgage. When an attorney, a court, the IRS, or family members who may not agree with one another will review a value, the appraisal needs to be thoroughly researched, clearly explained, and fully supported. That is the work we do.
Our residential practice regularly includes successions and estate settlement, including retrospective values as of a date of death. We assist with community property partitions in divorce, donations and family transfers, bankruptcy matters, and disputes requiring an independent opinion of value or market rent. A Louisiana Certified General Real Property Appraiser prepares and signs each report, and we are experienced in explaining our conclusions to attorneys, judges, and property owners alike.
Homes that do not fit the standard mold are another specialty. Luxury residences, homes on acreage, equestrian properties, historic houses, waterfront and camp properties, and atypical construction all require more than a quick search for three nearby sales. These properties call for a wider market search, careful analysis of what buyers actually pay for their distinctive features, and sound judgment developed over years in the south Louisiana market. An incorrect approach can produce a value that is off by a wide margin, and that error can be costly in a settlement, a tax filing, or a sale.
Whether you are an heir settling a succession, a spouse dividing property, an attorney preparing a case, or an owner who simply wants to know what a one-of-a-kind property is worth, you need a competent, experienced, and trustworthy appraiser. We have served Lafayette and the surrounding parishes since 1994, and we provide the same unbiased opinion regardless of who the client is.
Call 337-237-7114 or email us at: mark@lafayetteappraisers.net.
Please include, if available, the property address, tax assessment number, any survey or plans, and the date of value needed, such as a date of death or date of filing.
A residential real estate appraisal report is an independent, unbiased, third party opinion that provides an official estimate on the market value of a residential property from an accredited professional.
Qualified C. Mark Gremillion, LLC appraisers will determine the fair market value of your property and offer sellers an accurate figure of what a home could sell for on the open market. We also protect buyers with details for regarding its actual market value. Our licensed Lafayette appraisers offer estimates for a property’s tax-assessed value.
Accurate Home Appraisals
Expertise and the qualifications required for appraisals for:
Home Valuation
A formal appraisal is essential for calculating a realistic listing price. Many sellers who have consulted with C. Mark Gremillion, LLC before putting their homes on the market have benefitted when selling real estate in Lafayette.
Appraisal for Home Buyers
Many lenders require a residential property to be appraised before buyers make a formal offer in order to ensure that the amount of the requested mortgage loan is accurate to the home’s actual value. Independent appraisals also give buyers a chance to verify whether the list price is reasonable and may be included as a contingency clause in purchase agreements where the bank’s approval of the loan is conditional to a professional appraisal.
Appraisals for Home Refinancing
As is the case with an original mortgage loan, lenders may request an appraisal of your property when requesting a refinancing loan if the property has decreased in value over time to ensure that your home’s value is equivalent to the requested loan. In addition, the equity in your home may have also decreased depending on any changes in its market value which our licensed appraisers are qualified to assess.
Residential Appraisers for Tax Reassessment
C. Mark Gremillion, LLC provides residential home appraisals for the purpose of determining accurate property taxes. Since many states base property taxes on the market value of your home; if your home in Lafayette has decreased in value, you may be eligible for a decrease in property tax based on the findings of an accredited appraiser.
Types of Residential Appraisals:
C. Mark Gremillion, LLC understands how important an objective and detailed appraisal can be to facilitate your personal or business real estate transactions and completes reports in a timely and efficient manner. Call us for a confidential and free consultation.
Is an Appraisal the Same as a Home Inspection?
It is important to differentiate between a licensed appraisal and a home inspection. While a home inspection provides information on the structure and surrounding area of a residential property; an appraisal factors in additional pertinent information to arrive at a precise monetary value that is based on specific and qualified calculations made by a qualified and unbiased professional.