Reasons to order an appraisal from Campbell and Cress Appraisal Service, LLC
To many, an appraisal is simply another cost in the long list of items for a home purchase or refinance. And even though there are a budding number of automated home valuation systems that may appear to be more prudent than an appraisal, almost all lenders still call in a local expert because the stakes are very high. Is getting a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a licensed, independent real estate professional could be beneficial? You bet.
Dispute your tax assessment
It's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a past assessment of your home, so if values have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in appealing your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask homebuyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the home. This added payment is often 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 - falls below the 80% mark, making this very unfavorable. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with 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 expense of the appraisal can generally 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 often complicated by the difficult decision of who maintains the home, and it can be a particularly traumatic ordeal for both parties. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from Campbell and Cress Appraisal Service, LLC, regardless of the situation.
The parties will have a better 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.
Accurate and fair estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often calls for 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 highest degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from Iredell County through an employee relocation program
We are aware of the stress associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed inspection.
Close on your home promptly — at the right price
Whether you choose 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 selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, seeking a professional appraisal is a trusted way to decide 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.