6 Reasons to order an appraisal from Prestige Appraisal, LLCEach year, thousands of people in North Carolina buy, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. Even though there are an increasing number of automated home valuation systems that might appear more economical than an appraisal, the majority of lenders still want a local expert because the stakes are very high. Is obtaining a mortgage the only reason to get an appraisal? Are there also situations when the services of a licensed, independent real estate professional might be beneficial? Of course there are. 
Contest your tax assessment in Jackson CountyIf you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Prestige Appraisal, LLC is your best evidence when building your case. At Prestige Appraisal, LLC, we're equipped to assist you in challenging your tax assessment. Eliminate PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask homeowners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Oftentimes, this additional payment is bundled into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Prestige Appraisal, LLC can provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Prestige Appraisal, LLC today Order todaySettle a divorce with less stressA divorce is an especially traumatic ordeal for the parties involved, and it is often even more complicated by the burdensome decision of who keeps the home. Regardless of the situation, it's a good idea to get an appraisal from Prestige Appraisal, LLC so both parties are entirely aware of the true market value of their house. If the parties wish 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 gotten a fair assessment. Fair and accurate estate liquidationLosing 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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion. Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these issues. 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 received a fair deal. Move to or from Jackson County through an employee relocation programWe understand the headaches involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide remarks on the positive aspects of their property, along with information regarding any current sales or listings in their neighborhood that they want considered. Sell your home promptly — at an accurate priceA 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 with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are based 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. And we're experts in knowing how long housesstay on the market. So, getting 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. 
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