Reasons to consider an appraisal from SUMMIT APPRAISAL SERVICES, LLC

Every year, thousands of people in Wyoming buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation systems that may appear cheaper than an appraisal. You might think that securing a mortgage is the only reason to get an appraisal, but there are other times when the services of a licensed, independent real estate professional could be helpful.

Let SUMMIT APPRAISAL SERVICES, LLC assist you in lowering your mortgage payment

Dispute your tax assessment in Teton County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your real estate, so if prices have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from SUMMIT APPRAISAL SERVICES, LLC is your best evidence when building your case. We can assist you in challenging your tax assessment.

Remove PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. This added payment is often lumped into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, SUMMIT APPRAISAL SERVICES, LLC can provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is often complicated by the burdensome decision of who keeps the house, and it can be a very traumatic ordeal for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from SUMMIT APPRAISAL SERVICES, LLC so both parties are entirely aware of the true market value of their house.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Ascertain an accurate and fair valuation for estate liquidation

Losing 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 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 don't have dedicated estate planners or executors to handle these matters, unlike many wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.

Move to or from Teton County through an employee relocation program

We are aware of the stress associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our intensive inspection.

Sell your home quickly — at an accurate price

A professional appraisal will help you make a more informed decision regarding your asking price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable 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, because we're experts in knowing how long properties stay on the market.

Let SUMMIT APPRAISAL SERVICES, LLC assist you in selling your home quickly at the right price


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