6 Reasons to order an appraisal from Salt Lake Appraising CompanyYear after year, thousands of people in Utah buy, sell or refinance their home. A lot of these transactions contain a simple line item for an appraisal. The majority of lenders still need a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that may appear less expensive than an appraisal. You might think that getting a mortgage is the only reason you should get an appraisal, but there are more instances when the services of a certified, independent real estate professional could be beneficial. 
Contest your tax assessmentIf you are in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Salt Lake Appraising Company is your best evidence when building your case. We can assist you in disputing your tax assessment. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the home, almost all lenders ask homebuyers to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is unfortunate 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 Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, Salt Lake Appraising Company can give you a statement regarding the value of your home. The cost of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI. Order an appraisal from Salt Lake Appraising Company Order todaySettle a divorce with fewer hang-upsA divorce is often complicated by the difficult decision of who maintains the property, and it can be an especially daunting ordeal for both parties. Regardless of the situation, it's a good idea to order an appraisal from Salt Lake Appraising Company so both parties are completely aware of the true market value of their property. If the parties want to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation. Fair and accurate estate liquidationThe loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion. Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal. Move to or from Salt Lake County for workWe know the stress involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide remarks on the positive characteristics of their property, as well as information about any current sales or listings in their neighborhood that they want considered. Sell your home promptly — for an accurate priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report. On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, getting 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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