Why you should order an appraisal from Herrin Appraisal Company

Every year, thousands of people in North Carolina buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Practically all lenders still want a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation methods that might seem more economical than an appraisal. You might believe that securing a mortgage is the only reason to get an appraisal, but there are additional instances when the services of a certified, independent real estate professional might be helpful.

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Dispute your tax assessment in Forsyth County

If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Herrin Appraisal Company, we're qualified to assist you in challenging your tax assessment.

Remove PMI to lower your mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the property, many lenders ask home buyers to buy this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging 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 Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

Herrin Appraisal Company will give you a statement regarding the value of your home, and the cost of the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be a very traumatic ordeal for both parties, and it is often even more complicated by the difficult decision of who keeps the house. Regardless of the circumstances, it's a good idea to order an appraisal from Herrin Appraisal Company so both parties are entirely aware of the true market value of their house.

The parties will have a clearer picture of what price to set, if they want 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 evaluation.

Accurate and fair estate liquidation

The death 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Forsyth County through an employee relocation program

Employee relocation can be a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information regarding any recent sales or listings in their area that they want considered during our intensive inspection.

Sell your home quickly — at the right price

A professional appraisal will help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesstay on the market. So, seeking 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.

Let Herrin Appraisal Company help you sell your home quickly at the right price

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