Reasons to get an appraisal from Mulcock AppraisingTo many, an appraisal just looks like another fee on the settlement sheet for a home sale or refinance. Most lenders still need a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that may seem less expensive than an appraisal. You might assume that getting a mortgage is the only reason to get an appraisal, but there are additional instances when the services of a licensed, independent real estate professional could be beneficial.
Let Mulcock Appraising help you challenge your tax assessment in Salt Lake CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Mulcock Appraising is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.
PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an additional insurance plan that almost all lenders ask homebuyers to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. This extra payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI isn't 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 approved 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.
Mulcock Appraising will provide you with a statement regarding the value of your home, and the expense of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Mulcock AppraisingA divorce can be a particularly traumatic experience for both parties, and it is often further complicated by the burdensome decision of who keeps the house. It's a good idea to get an appraisal from Mulcock Appraising so both parties are entirely aware of the true market value of their house, regardless of the circumstances.
The parties will have a better idea of what price to set, if they wish 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.
Fair and accurate estate liquidation with help from Mulcock AppraisingSettling an estateThe loss 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 Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the certain value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Mulcock Appraising can help you with relocating to or from Salt Lake CountyEmployee relocation can be a stressful event. We know where you're coming from! That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage employees that are moving to provide input on the positive features of their property, along with information about any new sales or listings in their neighborhood that they want considered.
Let Mulcock Appraising assist you in selling your home quickly at the right priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't contingent upon the value opinion we render, but rather they rest on our efforts to finish the appraisal.
On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable 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 - because we're experts in knowing how long homes are one the market.