Reasons to order an appraisal from James Earp Appraisal Service
To a lot of us, an appraisal just looks like another cost on the settlement sheet for a home sale or refinance. Almost all lenders still want a local expert because the stakes are very high, even though there are a budding number of automated home valuation methods that may appear less expensive than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are other instances when the services of a certified, independent real estate professional might come in handy.
Dispute your tax assessment in Wake County
It's possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from James Earp Appraisal Service is your best evidence when building your case. We can assist you in challenging your tax assessment.
Remove PMI to lower your mortgage payment
When the amount being loaned to the homeowneris more than 80% of the actual value of the home, many lenders ask home buyers to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
James Earp Appraisal Service can provide you with a statement regarding the value of your home, and the cost of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce is a particularly daunting event for the parties involved, and it is often more complicated by the difficult decision of who gets the property. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from James Earp Appraisal Service, regardless of the circumstances.
If the parties want to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Determine an accurate and fair valuation for estate liquidation
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 Fair Market Value for the real estate involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Move to or from Wake County for work
Employee relocation can be a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information about any new sales or listings in their neighborhood that they want considered during our intensive inspection.
Close on your home promptly — for the right price
Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, seeking a professional appraisal is a trusted way to decide what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.