Let SUMMIT APPRAISAL SERVICES, LLC attend to your appraisal needs
To many, an appraisal just looks like one more thing on the settlement sheet for a mortgage or refinance. Nearly all lenders still need a local expert because the stakes are very high, even though there are a budding number of automated home valuation processes that may appear to be cheaper than an appraisal. Is getting a mortgage the only basis for getting an appraisal? Are there also instances when the services of a licensed, independent real estate professional could come in handy? Absolutely.
Appeal your tax assessment
It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon 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 SUMMIT APPRAISAL SERVICES, LLC is your best evidence when building your case. We can assist you in challenging your tax assessment.
PMI removal to reduce your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask homeowners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Very often, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
SUMMIT APPRAISAL SERVICES, LLC can provide you with a statement regarding the value of your home, and the expense of the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI.
Order an appraisal from SUMMIT APPRAISAL SERVICES, LLCOrder today
Settle a divorce with fewer hang-ups
A divorce can be a very horrible experience for both parties, and it is often even more complicated by the challenging decision of who keeps the property. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from SUMMIT APPRAISAL SERVICES, LLC, regardless of the circumstances.
If the parties want 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 evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The death of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
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 unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Move to or from Teton County for work
We are familiar with the stress involved with an employee relocation. We take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide feedback on the positive aspects of their property, as well as information about any new sales or listings in their neighborhood that they want considered.
Close on your home promptly — for the right price
A professional appraisal will help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish 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 housesare on the market. So, seeking a professional appraisal is a reliable way to determine 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.