Reasons to get an appraisal from Salt Lake Appraising Company

To a lot of us, an appraisal is simply a line item in the long list of items for a home purchase or refinance. While there are a developing number of automated home valuation methods that might seem more prudent than an appraisal, nearly all lenders still call in a local expert because the stakes are so high. But is getting a mortgage the only reason to acquire an appraisal? Are there other times when the services of a licensed, independent real estate professional could come in handy? You bet there are.


	For real estate appraisals in Draper and Salt Lake County, it's easiest when your order online from Salt Lake Appraising Company, just click here.

Appeal your tax assessment in Salt Lake County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. 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 Salt Lake Appraising Company is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.

Eliminating PMI will lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the home, nearly all lenders ask homeowners to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Oftentimes, this added payment is bundled into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary when the remainder 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) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, Salt Lake Appraising Company will give you a statement regarding the value of your home. The cost of the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.

An appraisal from Salt Lake Appraising Company will help you settle a divorce with less stress

A divorce is often complicated by the strenuous decision of who gets the home, and it can be a particularly heartbreaking experience for both parties. Regardless of the circumstances, it's wise to get an appraisal from Salt Lake Appraising Company so both parties are completely aware of the true market value of their property.

If the parties wish to sell the home, they'll have a clearer picture 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 liquidation with Salt Lake Appraising CompanySettling an estate

The death 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 Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these matters. And since a home or other property often makes up an unequal share of the total estate value, knowing the correct value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Let Salt Lake Appraising Company help you with relocating to or from Salt Lake County

Moving due to a job change is a stressful event, and we understand. We take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information about any recent sales or listings in their area that they want considered during our thorough process.

Selling your home quickly at the right price with an appraisal from Salt Lake Appraising Company

A professional appraisal will 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. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homes are on the market. So, seeking 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.