Why you should order an appraisalTo a lot of people, an appraisal just looks like one more thing on the settlement sheet for a home purchase or refinance. Even though there are a multiplying number of automated home valuation systems that might appear more cost-effective than an appraisal, most lenders still call in a local expert because the stakes are incredibly high. Is getting a mortgage the only basis for getting an appraisal? Are there additional times when the services of a licensed, independent real estate professional could be beneficial? Of course. 
Challenge your tax assessmentIf 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. We're qualified to assist you in challenging your tax assessment. Remove PMI to lower your mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the property, many lenders ask buyers to buy this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met. SUMMIT APPRAISAL SERVICES, LLC can provide you with a statement regarding the value of your home, and the price you paid for the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI. Order an appraisal from SUMMIT APPRAISAL SERVICES, LLC Order todaySettle a divorce with less stressA divorce is a particularly daunting ordeal for the parties involved, and it is often even more complicated by the strenuous decision of who gets the property. So both parties are completely aware of the true market value of their home, it's a good idea to order an appraisal from SUMMIT APPRAISAL SERVICES, LLC, regardless of the circumstances. If the parties wish to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Determine an accurate and fair valuation for estate liquidationThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these issues. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Relocate to or from Teton County for workEmployee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide feedback on the positive attributes of their property, along with information regarding any new sales or listings in their area that they want considered. Sell your home promptly — at the right priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. 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 are calculated on our efforts to finish the appraisal report. On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to decide 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, because we're experts in knowing how long homes are one the market. 
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