Reasons to choose an appraisal from Irvine Appraising Company
To many, an appraisal is simply another fee in the long list of items for a mortgage or refinance. And while there are a developing number of automated home valuation methods that may seem more cost-effective than an appraisal, practically all lenders still need a local expert because the stakes are so high. Is getting a mortgage the only basis for getting an appraisal? Are there also times when the services of a certified, independent real estate professional could come in handy? You bet there are.
Appeal your tax assessment in Salt Lake County
It's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in disputing your tax assessment.
Getting rid of your PMI for mortgage payments
When the amount being loaned to the buyeris more than 80% of the actual value of the property, almost all lenders ask homeowners to take out this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't required when the remaining balance 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 dismiss the PMI installments when the loan-to-value ratio conditions have been met.
Irvine Appraising Company will produce a statement regarding the value of your home, and the expense of the home valuation can often be regained in just a few months because you'll no longer be paying the PMI.
Order an appraisal from Irvine Appraising CompanyOrder today
Divorce settlement with less stress
A divorce is a very traumatic event for the parties involved, and it is often even more complicated by the hard decision of who keeps the house. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Irvine Appraising Company, regardless of the circumstances.
The parties will have a good idea of what price to set, if they need 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 liquidation
Losing a loved one is a difficult 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 fullest degree of discretion.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these matters. And seeing that 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 significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Move to or from Salt Lake County for work
We know the stress involved with an employee relocation. That's why we take great care in organizing 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, along with information about any current sales or listings in their area that they want considered.
Close on your home quickly — for the right price
A professional appraisal can help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted 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 are one the market.