What appraiser license do you hold?
Since 1991, I have been a State Certified Residential Appraiser, licensed by the North Carolina Appraisal Board.
What areas do you cover as an appraiser?
Hillsborough and most of Orange County, the Mebane area in eastern Alamance County, and southern Caswell and Person Counties.
Who needs an appraisal?
Appraisals are typically thought about when someone is purchasing a home and the lender needs to know the property's value in order to make a sound, secure loan. However, there are many other times when appraisals are needed. Federal and State law now require certified appraisals be done for most probate cases where a property owner has died, and their survivor's tax liability is determined by the value of the real estate at the time of death.
Are there other examples?
1) Contested divorces where real estate is involved requires a competent appraiser to determine the value of any real estate held so that equitable distribution can be determined fairly. Attorneys oftentimes initiate this aspect of appraisal work.
2) Potential buyers, as well as real estate agents, will call on me to appraise a home or piece of property before making an offer on the property. Reasons might include a feeling the property may be overpriced, or perhaps the buyers will use the appraisal as a negotiating tool down the road.
3) Disputing county tax revaluations. Every four to seven years, counties reappraise all real estate in the county for tax purposes. I typically get 30-40 calls every revaluation from property owners wanting me to appraise their property to make sure they aren't being unfairly taxed.
4) Sellers who are thinking about selling some or all of their property. Some landowners want a current, quality appraisal in hand before pricing their property for sale. Using a stale, outdated value can be costly if the property has appreciated rapidly.