Attention homeowners in Southeastern Utah: Get an Appraisal today!

Check out the top 7 reasons UT homeowners need a real estate appraisal:

To get a pre-listing appraisal (whether they're selling the home on their own or using a real estate agent)
To challenge a UT property tax assessment
Remove PMI to reduce their mortgage payment
To reinstate their Home Equity Line of Credit (or HELOC)
To review another appraiser's report for verification
In the case of a divorce, where property needs to be divided
Settle an estate by determining the true market value of property in question

Need help deciding the value of your house in or near Moab, UT?
Contact us today!

We understand the individual needs of a homeowner seeking appraisal services. While our usual clients understand the appraisal process and standard reporting formats, you as a consumer will get extra service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

Pre-listing Services/For Sale By Owner

It's very hard to be objective about your home because of your emotional attachment to it. The professional appraisers at Terrace Management LLC will tell you what you need to know -- not just what you want to hear. We are objective. A professional appraisal is very valuable as a negotiating tool once you have a likely buyer, in addition to helping you set a realistic selling price so your home will attract buyers. It's something concrete to show your buyer. An appraisal is an independent third party's opinion of your home's value -- not just how much your home is worth. Potential buyers know you have an emotional attachment to your house and will be more likely to give credibility to an accomplished appraiser's value opinion than yours.

Appraisals to remove PMI

Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is a popular way to cut costs for homeowners. Your monthly payments will go down once your mortgage loan is down below 80% of the value of your home. In most cases you can apply to the lender to have the PMI removed from your loan. Terrace Management LLC is qualified in helping consumers just like you do away with unneeded and unwanted PMI insurance.

Challenging property tax assessments

Your local tax assessor may have your home overvalued if you live in an area that's declining. This only means you are probably paying higher taxes than you should be paying. The earlier you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. Getting an expert appraisal is your best weapon when challenging your property tax assessment.

HELOC recently frozen?

Even if your specific property has not declined in value, your lender just may choose to automatically freeze your home equity line of credit (HELOC) if your home is close to a declining area. This can be be harmful to your credit score since it may appear as though that credit line is maxed out, and also inopportune from a cash flow viewpoint. An appraisal can help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Have you just been given a copy of your appraisal and you would prefer to have a seasoned appraiser double-check it for accuracy or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? In a field review we will go out and check the subject and comps in question. Or, if you need it immediately, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

We can also provide a retrospective review of any appraisal you may have had done before. While typically requested by banks, you may wish to exploit this service if you suspect mortgage fraud related to your property.