Reasons to get an appraisalThousands of people in Utah purchase, sell or refinance their home each month. A lot of these transactions involve a simple line item for an appraisal. And even though there are an increasing number of automated home valuation systems that might appear to be cheaper than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. You might believe that getting a mortgage is the only basis for getting an appraisal, but there are more times when the services of a licensed, independent real estate professional might come in handy. 
Contest your tax assessmentIf you are in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Salt Lake Appraising Company, we're capable of assisting you in appealing your tax assessment. PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask homebuyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the home. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Salt Lake Appraising Company will produce a statement regarding the value of your home. The cost of the appraisal can generally be offset in little time because you'll no longer be paying the PMI. Order an appraisal from Salt Lake Appraising Company Order onlineDivorce settlement with fewer hang-upsA divorce can be a very traumatic experience for both parties, and it is often even more complicated by the burdensome decision of who maintains the property. So both parties are fully aware of the true market value of their home, it's a good idea to order an appraisal from Salt Lake Appraising Company, regardless of the situation. The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Ascertain a fair and accurate valuation for estate liquidationThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans don't have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. A home or other property often makes up an uneven 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 leave knowing they've received an honest deal. Relocate to or from Salt Lake County through an employee relocation programWe know the stress involved with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide feedback on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered. Close on your home quickly — for the right priceWhether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated 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 rest on our efforts to finish the appraisal report and and aren't related to the sales price. We analyze 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 propertiesare on the market. So, obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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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