Reasons to get an appraisalEvery year, thousands of people in Wyoming purchase, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. The majority of lenders still need a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that may seem more prudent than an appraisal. Is getting a mortgage the only reason you should get an appraisal? Are there additional cases when the services of a licensed, independent real estate professional could be beneficial? You bet. 
Contest your tax assessment in Teton CountyIt's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're capable of assisting you in appealing your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the property, many lenders ask homebuyers to take out this added 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 unfortunate because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed 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. SUMMIT APPRAISAL SERVICES, LLC can produce a statement regarding the value of your home, and the price you paid for the home valuation can usually be recovered in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from SUMMIT APPRAISAL SERVICES, LLC today Order todayGet a clear valuation on a home for divorce settlementsA divorce can be an especially daunting event for both parties, and it is often even more complicated by the difficult decision of who gets the house. 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 good idea of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Accurate and fair estate liquidationThe loss of a loved one is a hard 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 fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal. Move to or from Teton County through an employee relocation programWe understand the stress associated with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our detailed inspection. Sell your home promptly — at the right priceA professional appraisal can help you make a more informed decision when determining your selling price, whether you decide 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 are calculated on our efforts to finish the appraisal report. On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining 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. 
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