Real estate appraisal services for homeowners in the city of Durham and Orange County

The top seven reasons NC homeowners order from Micol Appraisals LLC:

  1. Pre-listing appraisals (whether they're selling the home themselves or using a real estate agent)
  2. Challenge Orange county's assessment of your property
  3. To reduce your mortgage payment by removing PMI
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Review a different appraiser's report for verification
  6. If real estate property needs to be divided because of a divorce
  7. To determine the true market value of real estate in question to settle an estate

Own a house in or near Durham, NC and need help determining the price of it?
Contact Micol Appraisals LLC.

At Micol Appraisals LLC, we understand the individual needs of a consumer in need of appraisal services. While our typical clients understand the appraisal process and standard reporting formats, you as a consumer will get an extra level of customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

For-Sale-By-Owner (FSBO) / Pre-Listing Services

It's very hard to be objective about your house because of your emotional attachment to it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is a very important negotiating tool once you have a potential buyer, in addition to helping you set a realistic price to sell at so your home will attract many interested buyers. It's something concrete to show the buyer. It's an independent third party's opinion of your property's price, and not just you saying how much your home is worth. Potential buyers know you have an emotional attachment to your house and will be much more likely to give credibility to a qualified appraiser's value estimation than yours.

Appraisals to remove PMI

PMI stands for Private Mortgage Insurance. An attractive way to cut expenses for homeowners is to get the PMI removed from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan amount is down below 80% of the value of your property, in most cases you can apply to the lender to have the PMI removed from your loan, which will make your monthly payments go down. We are experts in helping folks just like you do away with unwanted and unneeded PMI insurance.

Challenge Tax Assessment

Your local tax assessor may have your house overvalued if you live in a region that is declining or not appreciating as much as other properties nearby. This means you are probably paying higher taxes than you should be paying. The earlier you take care of a matter like this, the better, since your property assessment may likely go up again in the next period. When challenging your property tax assessment, getting a professional appraisal from Micol Appraisals LLC is your perfect weapon.

HELOC recently frozen?

Even if your specific property has not declined in value, your lender might just make the decision to automatically freeze your home equity line of credit (HELOC) if your home is in or near a declining area. This can be be detrimental to your credit score since it may appear as though that credit line is maxed out, and also troublesome from a cash flow point of view. A professional appraisal from Micol Appraisals LLC can help you reinstate your HELOC.

Need Field and Desktop Appraisal Review Services?

Have you just received a copy of your appraisal and you would prefer to have a veteran appraiser double-check it for accuracy or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? An appraiser from Micol Appraisals LLC can go out and check the subject and comps in a field review. Or, if you need it in a rush, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

We can also provide you with a a retrospective review of any appraisal report you may have in your possession. Even though this is typically requested by banks, you may want to take advantage of this service if you suspect mortgage fraud related to your property.