Why you should order an appraisal from Corcoran Appraisal GroupYear after year, thousands of people in North Carolina buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. And while there are a developing number of automated home valuation systems that may appear to be more prudent than an appraisal, the majority of lenders still call in a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to get an appraisal? Are there also cases when the services of a certified, independent real estate professional could come in handy? Of course.
Let Corcoran Appraisal Group help you challenge your tax assessment in New Hanover CountyIt's likely you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from Corcoran Appraisal Group is your best evidence. At Corcoran Appraisal Group,we can assist you in appealing your tax assessment.
Let Corcoran Appraisal Group help you get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the buyer is more than 80% of the actual value of the property, many lenders ask homeowners to take out an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI isn't required 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 United States Congress passed 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.
Corcoran Appraisal Group can give you a statement regarding the value of your home, and the cost of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Corcoran Appraisal GroupA divorce can be a very daunting ordeal for both parties, and it is often further complicated by the burdensome decision of who maintains the home. Regardless of the situation, it's prudent to order an appraisal from Corcoran Appraisal Group so both parties are fully aware of the true market value of their home.
The parties will have a a good idea of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidationThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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 utmost degree of discretion.
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the certain value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Corcoran Appraisal Group can assist you in relocating to or from New Hanover CountyMoving due to a job change can be a real pain. We know where you're coming from. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information about any new sales or listings in their area that they want considered during our thorough process.
Don't sell out short or let your home stay on the market too long.A professional appraisal can help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are calculated on our efforts to perform the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, obtaining 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 too long, costing you time and money.