Reasons you should order an appraisal from Salt Lake Appraising CompanyTo a lot of us, an appraisal just looks like a line item in the long list of items for a mortgage or refinance. Even though there are a developing number of automated home valuation methods that may appear cheaper than an appraisal, almost all lenders still need a local expert because the stakes are so high. Is securing a mortgage the only basis for getting an appraisal? Are there more times when the services of a licensed, independent real estate professional could be beneficial? You bet. 
Contest your tax assessment in Salt Lake CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your real estate, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Salt Lake Appraising Company is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment. PMI removal to reduce a mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance plan that most lenders ask homebuyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Very often, this extra payment is folded into the monthly mortgage payment and is soon forgotten. This is bad because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. Salt Lake Appraising Company will produce a statement regarding the value of your home, and the cost of the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Salt Lake Appraising Company today Order todaySettle a divorce with fewer hang-upsA divorce can be a very daunting event for both parties, and it is often further complicated by the hard decision of who maintains the house. Regardless of the situation, it's a good idea to get an appraisal from Salt Lake Appraising Company so both parties are fully aware of the true market value of their home. If the parties wish to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Determine an accurate and fair valuation for estate liquidationLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion. Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these matters. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Move to or from Salt Lake County for workEmployee relocation is a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our thorough inspection. Close on your home promptly — at the right priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price. We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay on the market. So, obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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