Reasons to order an appraisal

Thousands of people in North Carolina purchase, sell or refinance their home each month. Most of these transactions involve a simple line item for an appraisal. While there are a budding number of automated home valuation systems that might seem more cost-effective than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. You might assume that securing a mortgage is the only reason to get an appraisal, but there are additional instances when the services of a certified, independent real estate professional might be beneficial.

Let All State Appraisal Partners, Inc. help you lower your mortgage payment

Contest your tax assessment

If you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from All State Appraisal Partners, Inc. is your best evidence when building your case. At All State Appraisal Partners, Inc., we're capable of assisting you in disputing your tax assessment.

Removing PMI for mortgage payments

When the amount being loaned to the homeowneris more than 80% of the actual value of the property, almost all lenders ask home owners to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often 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 United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

All State Appraisal Partners, Inc. can provide you with a statement regarding the value of your home, and the expense of the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce can be a very traumatic event for both parties, and it is often further complicated by the burdensome decision of who maintains the house. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from All State Appraisal Partners, Inc., regardless of the situation.

The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Determine an accurate and fair valuation for estate liquidation

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Move to or from Iredell County through an employee relocation program

We are familiar with the stress involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our detailed inspection.

Close on your home promptly — at the right price

A professional appraisal can help you make a more informed decision regarding your selling price, whether you want 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, unlike real estate agents. Our fees aren't related to the sales price, but rather they rest on our efforts to finish the appraisal report.

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. 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 an unnecessarily long time, because we're experts in knowing how long properties are one the market.

Let All State Appraisal Partners, Inc. help you sell your home quickly at the right price

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