Reasons you should order an appraisal from SUMMIT APPRAISAL SERVICES, LLC

To a lot of us, an appraisal just looks like a line item on the settlement sheet for a mortgage or refinance. Practically all lenders still want a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that may appear to be more practical than an appraisal. Is obtaining a mortgage the only reason to get an appraisal? Are there more instances when the services of a licensed, independent real estate professional might be helpful? Of course there are.

Let SUMMIT APPRAISAL SERVICES, LLC help you lower your mortgage payment

Challenge your tax assessment in Teton County

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from SUMMIT APPRAISAL SERVICES, LLC is your best evidence when building your case. At SUMMIT APPRAISAL SERVICES, LLC, we're equipped to assist you in disputing your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the buyeris more than 80% of the actual value of the home, many lenders ask home buyers to purchase this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented 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 give you a statement regarding the value of your home. The price you paid for the home valuation can often be recovered in little time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce can be a particularly daunting event for both parties, and it is often more complicated by the hard decision of who keeps the home. Regardless of the circumstances, it's a good idea to order an appraisal from SUMMIT APPRAISAL SERVICES, LLC so both parties are completely aware of the true market value of their property.

The parties will have a clearer picture of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for 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 utmost degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. And since 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 vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocate to or from Teton County through an employee relocation program

Employee relocation can be a stressful event, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information about any recent sales or listings in their area that they want considered during our thorough inspection.

Close on your home quickly — at the right price

A professional appraisal can help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report.

On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, obtaining a professional appraisal is a trusted 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.

Let SUMMIT APPRAISAL SERVICES, LLC help you sell your home quickly at the right price