Welcome to the online home of E Turner Appraisal, provider of real estate valuations for the mortgage lending marketplace in the La Plata County, Colorado area and in the southwest Colorado region. With many years of experience in the business, we have a proven track record of care and conscientiousness in appraising a wide variety of local residential properties.
The following are a few of the lending situations for which we provide appraisals:
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WHEN DO YOU NEED AN APPRAISALThe economic downturn of 2008 brought about a recognition of a need for more regulation in the real estate industry.
Appraisal and appraisers are regulated more than ever before, and appraisers must adhere to strict guidelines regarding property valuation, ethical practices, and commitment to professional excellence. As part of the plan to protect the US economy from loans falsely backed by overly-valued homes, whenever you sell or buy a home, or enter into a new loan for any reason, an appraiser is hired to provide evidence that the loan is sound, with solid collateral to back it. There are also many instances in which a private individual might seek to hire an appraiser: PRE-SALES DECISIONS An appraiser can help a seller determine a reasonable listing price for their property. Unlike a Realtor, an appraiser has no vested interest in what amount the house sells for. Her fee is based on her efforts, not a percentage of the sale price. This helps the homeowner to set a reasonable price that will be less likely to spend a lengthy time on the market without a buyer. |
MORE REASONS TO GET AN APPRAISALESTATE PLANNING, LIQUIDATION OR DIVORCE
When the value of an estate must be determined for tax or other situations in which a current or prior value of a family estate must be determined, an appraiser can help. Often the first step in fairly disposing of an estate is to have an impartial, data-driven determination of its market value. PROPERTY TAX CHALLENGES Tax assessors have a mass appraisal system of determining home values, based on broad statistics. Occasionally, their system does not produce an accurate summary of a home's current value. Challenging the tax assessment can be daunting, and an appraisal can possibly boost your case with an appeals board. PMI REMOVAL Private Mortgage Insurance or PMI is a supplemental insurance for loans where the amount loaned is more than 80% of the home's value. PMI becomes unnecessary when the remaining balance of the loan dips below this 80% level. For homeowners who believe they have met the 80% loan-to-value metric, the appraiser can provide industry-honored evidence substantiating the current value of the home. |
YOUR CHOICE IN SOUTHWEST COLORADOWe have experience appraising a wide variety of home styles and construction types, such as log, timber frame, straw bale, manufactured, town homes, and Earthships, to name a few. We have completed appraisals for conventional, FHA, USDA, relocation, REO appraisals, proposed construction, 1 – 4 unit residential income properties, “drive by” exterior only, vacant land appraisals, and private party appraisals for divorces, estate settlements, and help in determining a fair listing price, or to determine determine the value of a charitable property donation.
Contact: ellen@eturnerappraisal.com 970-946-2295 |