Let Campbell and Cress Appraisal Service, LLC attend to your appraisal needs
Thousands of people in North Carolina purchase, sell or refinance their home each year. A lot of these transactions have a simple line item for an appraisal. And even though there are a growing number of automated home valuation processes that might seem more cost-effective than an appraisal, nearly all lenders still want a local expert because the stakes are so high. You might believe that obtaining a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a licensed, independent real estate professional might be beneficial.
Appeal your tax assessment
If you are in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Campbell and Cress Appraisal Service, LLC is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the home buyeris more than 80% of the actual value of the home, almost all lenders ask homeowners to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remainder 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 requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Campbell and Cress Appraisal Service, LLC will provide you with a statement regarding the value of your home. The cost of the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI.
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Settle a divorce with less stress
A divorce is an especially daunting experience for the parties involved, and it is often more complicated by the hard decision of who keeps the property. It's a good idea to get an appraisal from Campbell and Cress Appraisal Service, LLC so both parties are completely aware of the true market value of their home, regardless of the situation.
If the parties need to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Accurate and fair estate liquidation
The loss 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, guaranteeing the utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocate to or from Iredell County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered during our intensive inspection.
Sell your home quickly — for the right price
Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining 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 complete the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, obtaining a professional appraisal is a reliable way to decide 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.