There are lots of reasons consumers call on James Earp Appraisal Service

To a lot of us, an appraisal is simply a line item on the break-sheet for a home sale or refinance. And even though there are a budding number of automated home valuation processes that might seem more practical than an appraisal, the majority of lenders still want a local expert because the stakes are very high. You might believe that securing a mortgage is the only reason to get an appraisal, but there are additional times when the services of a licensed, independent real estate professional could be helpful.

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Appeal your tax assessment in Wake County

It's probable you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a previous assessment of your real estate, so if prices have declined in your area, you can appeal your assessment and save money. An appraisal from James Earp Appraisal Service is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask buyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

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

Settling a divorce with less stress with an appraisal from James Earp Appraisal Service

A divorce can be a particularly traumatic experience for both parties, and it is often more complicated by the difficult decision of who maintains the property. It's a good idea to order an appraisal from James Earp Appraisal Service so both parties are fully aware of the true market value of their home, regardless of the circumstances.

If the parties wish 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 gotten a fair assessment.

Fair and accurate estate liquidation with help from James Earp Appraisal ServiceSettling an estate

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish 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 maximum degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the precise value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Let James Earp Appraisal Service help you with relocating to or from Wake County

We understand the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed process, we suggest employees that are moving to provide input on the positive characteristics of their property, along with information regarding any current sales or listings in their area that they want considered.

Don't sell out for too little or keep your home on the market too long.

A professional appraisal will help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees are derived from our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties stay on the market. So, obtaining 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.