Reasons to order an appraisal from James Earp Appraisal Service

To many, an appraisal is simply a line item on the settlement sheet for a home purchase or refinance. While there are a growing number of automated home valuation systems that may seem more cost-effective than an appraisal, most lenders still need a local expert because the stakes are so high. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are additional situations when the services of a licensed, independent real estate professional might be helpful.

If you're planning on any transaction where the value of your real estate is a factor, just contact James Earp Appraisal Service. Just click here.

Appeal 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. Property taxes are based upon a past assessment of your real estate, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from James Earp Appraisal Service is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.

How can you get rid of PMI to lower your mortgage payment?

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 homeowner is more than 80% of the actual value of the property. This additional payment is often folded into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to get rid of 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 regained in just a few months because you'll no longer be paying the PMI.

An appraisal from James Earp Appraisal Service will help you settle a divorce with less stress

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

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

Accurate and fair estate liquidation with help from James Earp Appraisal ServiceSettling an estate

Losing 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 Market Value for the real estate involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an unequal share of the total estate value, so understanding 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.

Let James Earp Appraisal Service assist you in relocating to or from Wake County

Employee relocation is a more than just an inconvenience. We know where you're coming from. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any current sales or listings in their area that they want considered during our thorough process.

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

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a better educated decision regarding your asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't contingent upon the value we come up with, but rather they rest on our efforts to finish the appraisal.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. 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 - because we're experts in knowing how long properties are one the market.