Reasons to order an appraisal
Year after year, thousands of people in North Carolina purchase, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Almost all lenders still need a local expert because the stakes are very high, even though there are a budding number of automated home valuation systems that might appear to be cheaper than an appraisal. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are more times when the services of a licensed, independent real estate professional might come in handy.
Dispute your tax assessment
If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment.
Remove PMI to lower your mortgage payment
When the amount being loaned to the home owneris more than 80% of the actual value of the home, almost all lenders ask home buyers to buy this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this additional payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, Prestige Appraisal, LLC can give you a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in a short amount of time because you'll no longer be paying the PMI.
Get your appraisal from Prestige Appraisal, LLCOrder today
Settle a divorce with fewer hang-ups
A divorce can be an especially horrible event for both parties, and it is often even more complicated by the difficult decision of who keeps the house. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from Prestige Appraisal, LLC, regardless of the situation.
If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Ascertain an accurate and fair 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 guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these issues. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocate to or from Jackson County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.
Close on your home quickly — at the right price
A professional appraisal can help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare 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.