Chatham Appraisals in Pittsboro are hired for numerous clientsTo many, an appraisal is simply one more thing in the long list of items for a mortgage or refinance. Even though there are a budding number of automated home valuation methods that may appear to be more prudent than an appraisal, the majority of lenders still want a local expert because the stakes are so high. You might think that securing a mortgage is the only reason to get an appraisal, but there are other cases when the services of a certified, independent real estate professional might come in handy.
Let Chatham Appraisals help you challenge your tax assessment in Chatham CountyIt's probable you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a past assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from Chatham Appraisals is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.
PMI removal will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask home owners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.
Chatham Appraisals can give you a statement regarding the value of your home, and the expense of the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be a very traumatic ordeal for both parties, and it is often further complicated by the troublesome decision of who keeps the house. It's a good idea to order an appraisal from Chatham Appraisals so both parties are entirely aware of the true market value of their home, regardless of the situation.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Accurate and fair estate liquidation with Chatham AppraisalsSettling an estateLosing 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 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 maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to manage these issues, unlike wealthier individuals. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocating to or from Chatham CountyEmployee relocation can be a stressful event. We know where you're coming from. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive process, we recommend relocating employees to provide input on the positive aspects of their property, along with information about any recent sales or listings in their neighborhood that they want considered.
Selling your home quickly at the right price with an appraisal from Chatham AppraisalsA professional appraisal will help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses stay on the market. So, obtaining a professional appraisal is a reliable 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 too long, costing you hassle and money.