Reasons to hire an appraiserThousands of people in North Carolina purchase, sell or refinance their home each year. Most of these transactions have a simple line item for an appraisal. And while there are an increasing number of automated home valuation methods that might appear more prudent than an appraisal, practically all lenders still need a local expert because the stakes are so high. You might think that securing a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a certified, independent real estate professional could be helpful. Appeal your tax assessment in Forsyth CountyIf you live in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Herrin Appraisal Company is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment. PMI removal to lower a mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, nearly all lenders ask homebuyers to take out this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. This is bad because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met. Herrin Appraisal Company can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be recovered in little time because you'll no longer be paying the PMI. Order an appraisal from Herrin Appraisal Company Order todaySettle a divorce with less stressA divorce can be a particularly horrible ordeal for both parties, and it is often further complicated by the strenuous decision of who keeps the home. So both parties are completely aware of the true market value of their home, it's a good idea to order an appraisal from Herrin Appraisal Company, 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. Determine a fair and accurate valuation for estate liquidationThe 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 Fair Market Value for the real estate 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 affairs, unlike wealthier individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal. Relocate to or from Forsyth County through an employee relocation programWe are aware of the headaches associated with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their neighborhood that they want considered. Sell your home promptly — for an accurate priceWhether you want 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 when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report. We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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, because we're experts in knowing how long properties are one the market. |
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