We keep up with the dynamic nature of house prices so we can provide you with an accurate appraisal.
The cost of living in Durham, North Carolina is below the U.S. average, and part of the reason why is because our house prices are more affordable, not only when compared to the rest of the country, but also the rest of the state. Whether house prices are high or low, the most important thing is getting an accurate, unbiased opinion of value whether you need it for your current home or one you plan to purchase.
At Simpson Real Estate Appraisals, we carefully evaluate properties based on specific factors such as location, condition, amenities, and size, as well as from data on recently sold homes that might be used for comparison while making adjustments for differences between your home and others. We combine all this data together, along with general data from our past experiences, to create an accurate value of the property. Our familiarity in the Durham area helps us best understand house prices when doing our appraisals.
If you have not been keeping up with the dynamic nature of house prices in the area, you may be unaware that you may be eligible to remove PMI from your monthly mortgage. You might also be paying too much in property taxes if house prices in your neighborhood have dropped since you purchased your home. These are just a couple of reasons why finding out your home’s value can be beneficial.
If you have any questions about house prices or would like to schedule an appraisal, don’t hesitate to reach out to us.