6 Reasons to consider an appraisal from James Earp Appraisal Service

To many, an appraisal just looks like one more thing on the settlement sheet for a home purchase or refinance. Almost all lenders still call in a local expert because the stakes are very high, even though there are a growing number of automated home valuation methods that may seem cheaper than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there other situations when the services of a certified, independent real estate professional might be beneficial? You bet there are.

Let James Earp Appraisal Service help you lower your mortgage payment

Appeal your tax assessment

If you reside in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At James Earp Appraisal Service, we're equipped to assist you in challenging your tax assessment.

Eliminating PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an added insurance plan that nearly all lenders ask homebuyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. Oftentimes, this added payment is bundled into the monthly mortgage payment and is soon forgotten. This is bad because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, James Earp Appraisal Service can produce a statement regarding the value of your home. The expense of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is a particularly daunting experience for the parties involved, and it is often even more complicated by the strenuous decision of who keeps the house. 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 situation.

The parties will have a better idea of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Accurate and fair estate liquidation

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Wake County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide input on the positive features of their property, as well as information about any current sales or listings in their area that they want considered.

Close on your home quickly — at the right price

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, seeking a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let James Earp Appraisal Service assist you in selling your home quickly at the right price