Why you should hire an appraiser

To many, an appraisal is simply a line item in the long list of items for a home sale or refinance. While there are a multiplying number of automated home valuation methods that may appear less expensive than an appraisal, practically all lenders still call in a local expert because the stakes are so high. Is obtaining a mortgage the only reason you should get an appraisal? Are there also times when the services of a certified, independent real estate professional could be beneficial? Absolutely.

Let Irvine Appraising Company help you lower your mortgage payment

Appeal your tax assessment in Salt Lake County

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a previous assessment of your house, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from Irvine Appraising Company is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.

Remove PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that almost all lenders ask home buyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the property. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

Irvine Appraising Company will give you a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is a very horrible event for the parties involved, and it is often more complicated by the burdensome decision of who maintains the house. Regardless of the circumstances, it's a good idea to order an appraisal from Irvine Appraising Company so both parties are completely aware of the true market value of their property.

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 received a fair assessment.

Ascertain an accurate and fair valuation for estate liquidation

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 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).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.

Relocate to or from Salt Lake County through an employee relocation program

We are aware of the headaches associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our intensive inspection.

Close on your home promptly — for the right price

A professional appraisal can help you make a more informed decision regarding your selling price, whether you choose 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 amount the house sells for. Our fees are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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 houses stay on the market.

Let Irvine Appraising Company assist you in selling your home quickly at the right price