Greenville NC Real Estate Appraisals 101

A Greenville, North Carolina real estate appraisal is a process to determine the value of a home or other property for pretty much one of three reasons:

• A potential borrower wants to borrow money against the value of a NC property.
• A person wants to buy or sell a house or other NC property.
• Someone is involved in a family situation (such as executing a will) and they need to determine a North Carolina property value.

The person who actually makes the valuation of the property is an North Carolina real estate appraiser, state licensed and regulated, trained, and experienced in real estate in Greenville or Pitt County.

In Greenville, there is a big difference in North Carolina appraisers, based on their training, experience, and attention to detail. The opinion of value in an appraisal report is an estimated fair market value in Eastern Carolina. In other words this is the price a normal buyer would expect to pay a normal seller for the home if it were for sale. The Greenville appraiser uses local market information in Pitt County to arrive at this opinion of value.

Greenville real estate appraisals are conducted for commercial, residential, and industrial properties, including leased agricultural trust lands, but for most people, what they really need is a valuation for an Eastern North Carolina home. they want to be able to buy one or sell one or borrow against one.

Pitt County real estate appraisals are used for buying and selling while an insurance value appraisal is for determining insurance coverage amounts. And while there is often a degree of mystery in how they are conducted, Greenville real estate appraisals are a necessary step in the property buying process. There is a lot of confusion out there regarding the truth about appraisals.

Greenville real estate appraisals are the next best thing to having your own private real estate assistant and when you are looking for one in Eastern North Carolina, reputation is everything. Without using an appraiser with a great reputation, you always run the risk of having your Greenville property over or under valued. While this might seem like a great deal at the time, when it comes to your property and your finances, you really only want the truth. Learn More