Why you should get an appraisal from Slater Real Estate ServicesTo a lot of us, an appraisal just looks like one more thing on the break-sheet for a home purchase or refinance. Even though there are a multiplying number of automated home valuation processes that may seem more economical than an appraisal, practically all lenders still call for a local expert because the stakes are incredibly high. You might assume that getting a mortgage is the only reason to get an appraisal, but there are more cases when the services of a licensed, independent real estate professional could be helpful. Appeal your tax assessmentIt's probable you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a previous assessment of your house, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from Slater Real Estate Services is your best evidence when building your case. We can assist you in challenging your tax assessment. PMI removal to reduce a mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask homeowners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Seeing that additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Slater Real Estate Services can give you a statement regarding the value of your home. The price you paid for the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Slater Real Estate Services today Order todayDivorce settlement with fewer hang-upsA divorce is often complicated by the troublesome decision of who maintains the house, and it can be a particularly daunting experience for both parties. It's a good idea to order an appraisal from Slater Real Estate Services so both parties are fully aware of the true market value of their property, regardless of the circumstances. The parties will have a clearer picture of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment. Accurate and fair estate liquidationThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion. Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Move to or from Weld County through an employee relocation programWe are familiar with the stress associated with an employee relocation. That being said, we take great care in setting up an accommodating 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 recent sales or listings in their neighborhood that they want considered during our detailed inspection. Close on your home quickly — for an accurate priceA professional appraisal will help you make a more informed decision when determining your selling price, whether you choose 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 are calculated on our efforts to finish the appraisal report and and aren't related to the sales price. 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 propertiesstay on the market. So, obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. |