Why you should order an appraisal from Herrin Appraisal Company

To many, an appraisal just looks like one more thing on the break-sheet for a home purchase or refinance. And even though there are a multiplying number of automated home valuation processes that might appear more cost-effective than an appraisal, most lenders still call in a local expert because the stakes are very high. Is getting a mortgage the only reason to get an appraisal? Are there also instances when the services of a certified, independent real estate professional might come in handy? You bet.

Let Herrin Appraisal Company help you lower your mortgage payment

Dispute your tax assessment in Forsyth County

If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Herrin Appraisal Company is your best evidence when building your case. We can assist you in challenging your tax assessment.

Eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that many lenders ask buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This extra payment is often folded into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Herrin Appraisal Company will give you a statement regarding the value of your home. The cost of the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is often complicated by the troublesome decision of who keeps the house, and it can be a particularly horrible experience for both parties. Regardless of the situation, it's a good idea to get an appraisal from Herrin Appraisal Company so both parties are entirely 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 evaluation.

Ascertain a fair and accurate valuation for estate liquidation

Losing 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. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to manage these issues, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Forsyth County through an employee relocation program

Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we encourage relocating employees to provide remarks on the positive features of their property, as well as information about any recent sales or listings in their area that they want considered.

Sell your home promptly — for 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 will help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.

We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted way to determine 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 an unnecessarily long time, because we're experts in knowing how long homes stay on the market.

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

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