Why you should order an appraisalTo many, an appraisal just looks like another cost in the long list of items for a mortgage or refinance. And even though there are a multiplying number of automated home valuation systems that may appear to be more prudent than an appraisal, practically all lenders still call in a local expert because the stakes are very high. Is obtaining a mortgage the only reason you should get an appraisal? Are there other times when the services of a certified, independent real estate professional might come in handy? Absolutely. 
Appeal your tax assessment in Wake CountyIf you live 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. At James Earp Appraisal Service, we're capable of assisting you in challenging your tax assessment. Eliminate PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask homebuyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Oftentimes, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. This is bad because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. 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 eliminate PMI, James Earp Appraisal Service will produce a statement regarding the value of your home. The cost of the appraisal can often be regained in little time because you'll no longer be paying the PMI. Order your appraisal from James Earp Appraisal Service today Order todayGet a fair valuation on a home for divorce settlementsA divorce is a particularly traumatic ordeal for the parties involved, and it is often further complicated by the burdensome decision of who keeps 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 house, regardless of the circumstances. If the parties want 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 assessment. Fair and accurate estate liquidationLosing a loved one is a hard 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, ensuring the highest degree of discretion. Most Americans don't have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. 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 essential importance to ensuring disputing parties leave knowing they've gotten a fair deal. Relocate to or from Wake County through an employee relocation programEmployee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any recent sales or listings in their area that they want considered. Sell your home promptly — at an accurate priceA professional appraisal will help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. 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 rest on our efforts to finish the appraisal report. On a daily basis, we determine the difference in value things like an extra 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 an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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