Reasons to order an appraisal from Streamline Appraisals/Tim Taylor Realty

Every year, thousands of people in North Carolina purchase, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. While there are a multiplying number of automated home valuation processes that might seem less expensive than an appraisal, almost all lenders still need a local expert because the stakes are so high. Is securing a mortgage the only reason to get an appraisal? Are there also times when the services of a licensed, independent real estate professional could be helpful? Absolutely.

Let Streamline Appraisals/Tim Taylor Realty assist you in lowering your mortgage payment

Dispute your tax assessment in Guilford County

If you are in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from Streamline Appraisals/Tim Taylor Realty is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.

Get rid of PMI to lower your mortgage payment

When the amount being loaned to the home owneris more than 80% of the actual value of the home, nearly all lenders ask homeowners to take out this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the added payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

Streamline Appraisals/Tim Taylor Realty will give you a statement regarding the value of your home, and the expense of the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce can be an especially traumatic ordeal for both parties, and it is often even more complicated by the burdensome decision of who maintains the home. Regardless of the situation, it's a good idea to order an appraisal from Streamline Appraisals/Tim Taylor Realty so both parties are fully aware of the true market value of their property.

If the parties wish to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Ascertain a fair and accurate valuation for estate liquidation

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the fullest 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 take care of these matters, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Guilford County for work

Employee relocation is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide input on the positive attributes of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.

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 regarding your selling price. 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 rest on our efforts to complete the appraisal report.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesare on the market. So, getting 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.

Let Streamline Appraisals/Tim Taylor Realty help you sell your home quickly at the right price