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Our appraisers develop appraisals and reviews for the greater Las Vegas, Nevada valley to include, North Las Vegas, Henderson and Clark County NV areas. Our appraisers digitally sign their reports and submit them by email with full color PDF, Project 2000, Pinnacle, Mortgage Links, ERC ERelay, or X-12 EDI attachments.
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 | If you bought your home with less a than 20% down payment, you can assume that you are currently paying for PMI (private mortgage insurance). PMI was introduced over 30 years ago to provide lenders with insurance against default for purchasers with a down payment of less than 20 percent. You are charged an additional premium for this insurance. This additional premium is being paid by you with every payment to insure the lender in case you default on your loan. If you can prove to the lender that you now have 20% or more equity in your home, the PMI can be removed from your payment. Typical savings are between $30-$150 a month, depending on your original loan amount. |
| If your current loan is three years old or more, if you purchased below market, or if you have made recent improvements that increase the value of your home, you may now have enough equity to have the PMI removed! |
| To remove PMI you must contact your lender. Your lender will normally ask for a summary appraisal report done on a Uniform Residential Appraisal Report (URAR) done by a certified real estate appraiser. A summary appraisal will include all necessary additional forms and exhibits. |
| If you have a condominium, your lender will ask for a summary appraisal report done on an Individual Condominium Appraisal Report form. |
| If you have a multi-family dwelling, you will need a summary appraisal report done on a Small Residential Income Property Appraisal form. |
| Historically you were not told about his insurance and continued to pay it even after your loan was paid down below the 80% of value level! Recently new laws were passed to protect your interest.. As a homeowner, once your equity level in your home reaches 20 percent you have the right to have the PMI Insurance eliminated. |
| Need More? Contact Dawn Jeffcoat |
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| In our Las Vegas market of rising home values and limited inventory it is imperative to obtain an appraisal before entering into a home sales contract. An Appraisal will provide you with an unbiased estimate of market value. |
| An appraisal is an effective tool when bargaining. |
| An appraisal provides you with factual data regarding the value of the home. |
| Real Estate brokers represent the seller. Unless you are working with a buyer broker it is the Real Estate Brokers job to obtain the Highest price possible for the home. They do not represent your best interest. They must represent the interests of the seller. |
| An appraisal will give you an unbiased opinion of value. |
| At Sunrise Appraisal Services, we realize that time is short and you need to make your decision to purchase quickly. We can inspect the home within 24 hours and give you a preliminary report that same afternoon! |
| Need More? Contact Dawn Jeffcoat |
HOME SELLERS
| Do you know the true value of your home? |
| An Appraiser will provide you with an unbiased opinion of value. |
| Real Estate Brokers have a vested interest in obtaining your listing. They may give you the value you want to hear just to obtain your listing. |
| With an appraisal you know the true value of your home. |
| Overprice your home and miss your target market. |
| Under price and you may loose money |
| An appraisal can also be utilized as a marketing tool. It improves your bargaining position with prospective buyers. |
| An appraisal of your home will show them the true value. |
| Need More? Contact Dawn Jeffcoat |
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