Why get an appraisal from Alpine Valuation Services?
Every year, thousands of people in Utah purchase, sell or refinance their home. Most of these transactions include a simple line item for an appraisal. Nearly all lenders still call for a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation systems that might appear more prudent than an appraisal. You might assume that securing a mortgage is the only reason to acquire an appraisal, but there are additional instances when the services of a certified, independent real estate professional could be beneficial.
Sell your home quickly at the right price
A professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent.
We examine the difference in value, an additional bathroom or a kitchen remodel can make on a daily basis. And we’re experts in knowing how long homes stay on the market. So, seeking a professional appraisal is a trusted way to decide 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.
Let Alpine Valuation Services help you challenge your tax assessment
If you reside in an area where the value of property has declined, it’s possible you’re paying too much in property taxes. When building your case, an appraisal from Alpine Valuation Services is your best evidence. At Alpine Valuation Services,we can assist you in appealing your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the buyer is more than 80% of the actual value of the property, nearly all lenders ask home buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is folded into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remainder of the loan – whether through market appreciation or principal pay down – dips below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to do away with the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
Alpine Valuation Services can produce a statement regarding the value of your home, and the price you paid for the home valuation can generally be regained in just a few months because you’ll no longer be paying the PMI.
Divorce settlement with less stress
A divorce is often complicated by the hard decision of who gets the property, and it can be an especially traumatic occurrence for both parties. It’s a good idea to get an appraisal from Alpine Valuation Services so both parties are fully aware of the true market value of their home, regardless of the situation.
The parties will have a a good idea of what price to set, if they need 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 evaluation.
Trustworthy estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the highest degree of discretion.
Unlike wealthier individuals, most Americans don’t have dedicated estate planners or executors to handle these matters. 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 a fair deal.
Let Alpine Valuation Services help you with relocating to or from Utah County
Employee relocation is a more than just an inconvenience, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, as well as information regarding any current sales or listings in their area that they want considered during our detailed process.