Attention homeowners in Draper and Salt Lake County: Get an Appraisal today!
Check out the top seven reasons why UT homeowners call on Salt Lake Appraising:
Own a house in or near Draper, UT and need help deciding the value of it?
At Salt Lake Appraising, we understand the unique needs of a homeowner after appraisal services. The appraisal process and reporting formats are familiar to our business clients like banks, lawyers, and CPAs. Being a regular consumer that probably doesn't see an appraisal every day,we will give you extra guidance and explanations through the appraisal process to more fully understand what we do and how we document the results of our analysis.
Pre-listing Services/For Sale By Owner (FSBO)
It's very hard to be objective about your house because of your emotional attachment to it. Professional appraisers, like the ones at Salt Lake Appraising, are objective. We will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic price to sell at so your property will attract buyers, a professional appraisal is very important as a negotiating tool once you have an interested buyer. It gives you something tangible to show your buyer. An appraisal is an independent third party's opinion of your home's price -- not just how much your home is worth. Interested buyers know that you have an emotional attachment to your house and will be more likely to give credibility to a professional appraiser's value judgement than yours.
PMI Removal Appraisals
PMI stands for Private Mortgage Insurance. A preferred money saver for homeowners is getting the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan amount is below 80% of the value of your home. In most cases you can apply to a lender to have the PMI removed from your loan. At Salt Lake Appraising, we're experts in helping folks just like you rid themselves of unwanted and unneeded PMI insurance.
Challenge Salt Lake county's assessment of your property
Your local tax assessor may have your house overvalued if you live in a local area that's declining or not appreciating as much as other homes close by. This only means you're paying higher taxes than you should be paying. The earlier you take care of things like this, the better off you'll be, since your property assessment may likely go up again in the next period. An appraisal from Salt Lake Appraising is your chief weapon when contesting your property tax assessment.
HELOC recently frozen?
Your lender might make the decision to automatically freeze your home equity line of credit (HELOC) if your property is in a declining area -- even if your specific property has not declined in value. This can this be difficult and inconvenient from a cash flow viewpoint, and detrimental to your credit score since it may appear as though that credit line is maxed out. Salt Lake Appraising can help you reinstate your HELOC.
We Offer Field and Desktop Appraisal Review Services
Have you just gotten a copy of your appraisal and you would like to have a seasoned professional double-check it for accuracy or do you want a second opinion without the added expense and delay of waiting for a whole new appraisal? Salt Lake Appraising offers field reviews where we'll go out and check the subject and comparables in question. Or, if you're in a hurry, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.
We can also provide you with a a retrospective review of any appraisal you may have had in the past. Even though this is usually requested by banks, you may wish to take advantage of this service if you suspect mortgage fraud related to your property.