Reasons to choose an appraisal from James Earp Appraisal Service

To many, an appraisal just looks like another cost on the break-sheet for a home sale or refinance. And even though there are a growing number of automated home valuation systems that might appear to be less expensive than an appraisal, the majority of lenders still need a local expert because the stakes are so high. Is obtaining a mortgage the only basis for getting an appraisal? Are there additional cases when the services of a licensed, independent real estate professional could be helpful? Absolutely.

Let James Earp Appraisal Service assist you in lowering your mortgage payment

Dispute your tax assessment

If you are in an area where the property value has depreciated, 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 qualified to assist you in challenging your tax assessment.

PMI removal to reduce a mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Most often, this added payment is lumped into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate 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 will provide you with a statement regarding the value of your home. The expense of the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is often complicated by the challenging decision of who keeps the property, and it can be a particularly horrible occurrence for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from James Earp Appraisal Service so both parties are entirely aware of the true market value of their house.

If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

The loss of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Wake County through an employee relocation program

We are aware of the headaches associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our thorough inspection.

Sell your home quickly — for the right price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report.

On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking a professional appraisal is a reliable way to determine 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.

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