Reasons someone would call Raleigh-Durham Appraisals

Each year, thousands of people in North Carolina buy, sell or refinance their home. Most of these transactions consist of a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation methods that might seem more practical than an appraisal. But is getting a mortgage the only reason you should get an appraisal? Are there also cases when the services of a certified, independent real estate professional might be helpful? You bet there are. Call an experienced Raleigh appraiser, Durham appraiser, Chapel Hill appraiser and Wake County appraiser.


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Let Raleigh-Durham Appraisals help you challenge your tax assessment in Wake County

It's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a previous assessment of your house, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Raleigh-Durham Appraisals is your best evidence when building your case. At Raleigh-Durham Appraisals,we can assist you in appealing your tax assessment.

Raleigh-Durham Appraisals can help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the home owner is more than 80% of the actual value of the real estate, most lenders ask home buyers to take out an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Raleigh-Durham Appraisals can provide you with a statement regarding the value of your home. The expense of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

An appraisal from Raleigh-Durham Appraisals will help you settle a divorce with less stress

A divorce is often complicated by the difficult decision of who maintains the house, and it can be a particularly heartbreaking ordeal for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Raleigh-Durham Appraisals, regardless of the situation.

If the parties need 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 evaluation.

Accurate and fair estate liquidation

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 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).

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the certain value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Wake County?

Employee relocation can be a more than just an inconvenience, and we understand. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed process, we recommend employees that are moving to provide input on the positive aspects of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.

Selling your home quickly at the right price

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to complete the appraisal.

We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes are on the market. So, 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 too long, costing you hassle and money.