Reasons to order an appraisal from All State Appraisal Partners, Inc.
Thousands of people in North Carolina buy, sell or refinance their home every year. Many of these transactions consist of a simple line item for an appraisal. Most lenders still need a local expert because the stakes are very high, even though there are a growing number of automated home valuation processes that might appear more prudent than an appraisal. Is obtaining a mortgage the only reason to get an appraisal? Are there more times when the services of a licensed, independent real estate professional could be beneficial? Of course.
Contest your tax assessment
It's quite possible you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your real estate, so if values have declined in your area, you can challenge your assessment and save money. An appraisal from All State Appraisal Partners, Inc. is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.
PMI removal to lower a mortgage payment
When the amount being loaned to the home buyeris more than 80% of the actual value of the home, nearly all lenders ask homeowners to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
All State Appraisal Partners, Inc. will give you a statement regarding the value of your home, and the price you paid for the home valuation can often be offset in just a few months because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce can be a particularly traumatic ordeal for both parties, and it is often even more complicated by the challenging decision of who gets the home. Regardless of the circumstances, it's a good idea to get an appraisal from All State Appraisal Partners, Inc. so both parties are fully aware of the true market value of their home.
The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Determine an accurate and fair valuation for estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these issues. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Relocate to or from Iredell County for work
We understand the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes 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 an accurate price
A professional appraisal can help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees rest on our efforts to finish the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to determine 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.
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