Why obtain an appraisal from Paul McNaught?

To many, an appraisal just looks like one more thing on the break-sheet for a mortgage or refinance. Even though there are an increasing number of automated home valuation methods that might appear more prudent than an appraisal, almost all lenders still want a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are other situations when the services of a licensed, independent real estate professional might be beneficial.


	Contact Paul McNaught if you're planning on any transaction where the value of your house is a factor. Just click here

Appeal your tax assessment in Salt Lake County

It's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are based upon a past assessment of your home, so if prices have gone down in your area, you can appeal your assessment and save money. An appraisal from Paul McNaught is your best evidence when building your case. At Paul McNaught,we can assist you in challenging 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, almost all lenders ask home buyers to buy an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Paul McNaught can produce a statement regarding the value of your home, and the cost of the appraisal can usually be recovered 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 difficult decision of who gets the home, and it can be a very heartbreaking event for both parties. Regardless of the situation, it's wise to get an appraisal from Paul McNaught so both parties are fully aware of the true market value of their house.

The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation with help from Paul McNaughtSettling an estate

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 residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Let Paul McNaught help you with relocating to or from Salt Lake County

Employee relocation can be a real pain, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we recommend employees that are moving to provide feedback on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered.

Sell your home quickly at the right price

A professional appraisal can help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted way to determine 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.