Reasons to get an appraisal from James Earp Appraisal Service

To many, an appraisal is simply one more thing on the break-sheet for a home sale or refinance. Most lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that might appear to be more economical than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are other times when the services of a certified, independent real estate professional could come in handy.

Let James Earp Appraisal Service help you lower 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. An appraisal from James Earp Appraisal Service is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.

Removing PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask home buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Since the additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented 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 can give you a statement regarding the value of your home. The price you paid for the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is an especially horrible ordeal for the parties involved, and it is often further complicated by the troublesome decision of who maintains the property. 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 property, regardless of the situation.

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

Ascertain an accurate and fair valuation for estate liquidation

The death of a loved one is a difficult 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. We guarantee the utmost 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 issues, unlike wealthy individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Move to or from Wake County for work

We are familiar with the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our detailed inspection.

Close on your home promptly — for an accurate price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report.

We analyze 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 housesstay on the market. So, getting a professional appraisal is a trusted 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