What A Greenville Real Estate Appraisal Provides

For many Greenville and Pitt County borrowers, fewer appraisal hassles will be a source of relief. However, real estate appraisals have real value and should not be easily discarded.

If you're an Eastern North Carolina buyer, you certainly don't want to pay more than you should for a new business or residential property. That's a hazard appraisals can help you avoid. You also want someone to go into the house or building. That's not (yet?) possible with automated appraisal software.

For refinancing, lenders and investors have become increasingly comfortable with automated valuations when both the property and the borrower are well-known.

However, automated systems may not give you credit for all of your home's value if you've done major renovations. In that case, you may want a full home appraisal to get a higher value and reduce the loan-to-value ratio of the refinance. Via themortgagereports.com