Why you should get an appraisal from Moab Appraisal Inc.Every year, thousands of people in Utah buy, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. And even though there are a budding number of automated home valuation systems that might appear less expensive than an appraisal, nearly all lenders still want a local expert because the stakes are so high. But is securing a mortgage the only basis for getting an appraisal? Are there additional instances when the services of a certified, independent real estate professional might be beneficial? You bet there are.
Appeal your tax assessment in Grand CountyIf you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Moab Appraisal Inc. is your best evidence when building your case. At Moab Appraisal Inc.,we can assist you in disputing your tax assessment.
Let Moab Appraisal Inc. help you do away with PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask buyers to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. Oftentimes, this additional payment is bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to remove the PMI installments when the balance is paid down to 78% of the original value.
Moab Appraisal Inc. can give you a statement regarding the value of your home, and the expense of the appraisal can usually be offset in little time because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce is a very heartbreaking 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 Moab Appraisal Inc., regardless of the circumstances.
If the parties need 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 gotten a fair assessment.
Settling an estate with peace of mindLosing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property 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 wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the absolute value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocating to or from Grand CountyWe understand the stress involved with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their area that they want considered during our thorough process.
Selling your home quickly at the right priceA professional appraisal can help you make a better educated decision regarding your asking price, whether you want to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't contingent upon the value opinion we render, but rather they are based on our efforts to complete the appraisal.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, 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 too long, costing you time and money.