Reasons to choose an appraisal from James Earp Appraisal Service

Every year, thousands of people in North Carolina buy, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. Nearly all lenders still want a local expert because the stakes are very high, even though there are a growing number of automated home valuation processes that might appear to be more economical than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there additional cases when the services of a licensed, independent real estate professional might be helpful? Of course there are.

Let James Earp Appraisal Service help you lower your mortgage payment

Contest your tax assessment in Wake County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your house, so if values have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At James Earp Appraisal Service, we're capable of assisting you in disputing your tax assessment.

PMI removal to lower a mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, James Earp Appraisal Service can produce a statement regarding the value of your home. The cost of the home valuation can usually 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 hard decision of who keeps the home, and it can be an especially daunting occurrence for both parties. It's a good idea to get an appraisal from James Earp Appraisal Service so both parties are completely aware of the true market value of their home, regardless of the circumstances.

The parties will have a good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Fair and accurate estate liquidation

Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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, ensuring the fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. And seeing that 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 significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Wake County for work

Employee relocation is a stressful event, and we understand. That being said, 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 area that they want considered during our detailed inspection.

Sell your home quickly — for the right price

A professional appraisal can help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted 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, because we're experts in knowing how long homes are one the market.

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