Herrin Appraisal Company in Clemmons do appraisals for diverse reasons

Each year, thousands of people in North Carolina purchase, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. And while there are a multiplying number of automated home valuation systems that may seem more prudent than an appraisal, nearly all lenders still need a local expert because the stakes are so high. But 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 be helpful? You bet.


	For real estate appraisals in Clemmons and Forsyth County, it's easiest when your order online from Herrin Appraisal Company, just click here.

Let Herrin Appraisal Company help you dispute your tax assessment in Forsyth County

It's quite 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 previous assessment of your house, so if values are less than what they used to be in your area, you can appeal your assessment and save money. An appraisal from Herrin Appraisal Company is your best evidence when building your case. At Herrin Appraisal Company, we're equipped to assist you in appealing your tax assessment.

Let Herrin Appraisal Company help you get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask homebuyers to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. This added payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to eliminate the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

Herrin Appraisal Company can produce a statement regarding the value of your home, and the cost of the appraisal can usually be regained in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the challenging decision of who keeps the home, and it can be an especially traumatic occurrence for both parties. Regardless of the circumstances, it's prudent to order an appraisal from Herrin Appraisal Company so both parties are fully aware of the true market value of their property.

The parties will have a better 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 Herrin Appraisal CompanySettling an estate

The death of a loved one is a painful 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 highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocating to or from Forsyth County?

Employee relocation is a real pain, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide remarks on the positive attributes of their property, along with information about any recent 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.

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 better educated decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, getting a professional appraisal is a trusted way to decide 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 too long, costing you time and money.