Reasons to get an appraisal from SUMMIT APPRAISAL SERVICES, LLCTo many, an appraisal just looks like one more thing on the break-sheet for a home sale or refinance. Nearly all lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation systems that may appear more prudent than an appraisal. You might assume that securing a mortgage is the only reason to get an appraisal, but there are other cases when the services of a certified, independent real estate professional might be helpful. 
Dispute your tax assessment in Teton CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At SUMMIT APPRAISAL SERVICES, LLC, we're capable of assisting you in disputing your tax assessment. Get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the home owneris more than 80% of the actual value of the property, almost all lenders ask homeowners to buy this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, SUMMIT APPRAISAL SERVICES, LLC will provide you with 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 your appraisal from SUMMIT APPRAISAL SERVICES, LLC today Order todayGet a clear valuation on a home take make a divorce settlement less stressfulA divorce is often complicated by the strenuous decision of who gets the property, and it can be a very horrible experience for both parties. It's a good idea to order an appraisal from SUMMIT APPRAISAL SERVICES, LLC so both parties are fully aware of the true market value of their property, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation. Ascertain a fair and accurate valuation for 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. We ensure the utmost 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 wealthier individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal. Move to or from Teton County through an employee relocation programEmployee 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. During our thorough inspection, we encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their area that they want considered. Close on your home promptly — at an accurate priceA 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 with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to finish the appraisal report and and aren't related to the sales price. We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare on the market. So, getting a professional appraisal is a reliable way to determine what improvements will add value and what a suitable 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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