Let Slater Real Estate Services attend to your appraisal needs
Thousands of people in Colorado purchase, sell or refinance their home every year. Most of these transactions consist of a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation systems that might appear to be more cost-effective than an appraisal. Is obtaining a mortgage the only reason to acquire an appraisal? Are there more situations when the services of a certified, independent real estate professional could be helpful? Of course.
Dispute 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 us is your best evidence. At Slater Real Estate Services, we're qualified to assist you in disputing your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that almost all lenders ask buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. This added payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Slater Real Estate Services will give you a statement regarding the value of your home, and the cost of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
Order an appraisal from Slater Real Estate ServicesOrder today
Settle a divorce with less stress
A divorce can be a particularly horrible event for both parties, and it is often further complicated by the strenuous decision of who keeps the property. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from Slater Real Estate Services, regardless of the situation.
The parties will have a better idea 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 gotten a fair evaluation.
Determine an accurate and fair valuation for estate liquidation
The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails 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 take care of these matters, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocate to or from Weld County for work
Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive characteristics of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered.
Close on your home promptly — for an accurate price
Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, getting a professional appraisal is a reliable way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.