Why you should order an appraisal from Herrin Appraisal Company

Each year, thousands of people in North Carolina buy, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. Even though there are a developing number of automated home valuation methods that may appear to be more cost-effective than an appraisal, most lenders still want a local expert because the stakes are incredibly high. You might assume that securing a mortgage is the only basis for getting an appraisal, but there are other situations when the services of a certified, independent real estate professional could be helpful.

Let Herrin Appraisal Company assist you in lowering your mortgage payment

Contest your tax assessment

It's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your real estate, so if prices are less than what they used to be in your area, you can challenge 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.

Removing PMI for mortgage payments

When the amount being loaned to the home buyeris more than 80% of the actual value of the property, almost all lenders ask homeowners to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Herrin Appraisal Company will produce a statement regarding the value of your home. The price you paid for the appraisal can generally be offset 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 often complicated by the hard decision of who keeps the home, and it can be an especially traumatic ordeal for both parties. It's a good idea to get an appraisal from Herrin Appraisal Company so both parties are completely aware of the true market value of their property, regardless of the circumstances.

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

Accurate and fair estate liquidation

Losing 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 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 utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Forsyth County through an employee relocation program

We are familiar with the headaches involved with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any current sales or listings in their neighborhood that they want considered during our detailed inspection.

Sell your home quickly — for the right price

A professional appraisal will help you make a better educated decision regarding your selling price, whether you decide 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, apart from real estate agents. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.

We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to decide 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.

Let Herrin Appraisal Company assist you in selling your home quickly at the right price

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