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Reasons to get an appraisal

Thousands of people in Idaho buy, sell or refinance their home every month. A lot of these transactions include a simple line item for an appraisal. Nearly all lenders still call for a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation methods that might seem more economical than an appraisal. Is obtaining a mortgage the only basis for getting an appraisal? Are there also cases when the services of a licensed, independent real estate professional might come in handy? You bet there are.

Let (208) 782-0233 assist you in lowering your mortgage payment

Challenge your tax assessment in Bingham County

If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in disputing your tax assessment.

Removing PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an extra insurance plan that nearly all lenders ask home buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, (208) 782-0233 can give you a statement regarding the value of your home. The price you paid for the appraisal can usually be offset in little time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is often complicated by the strenuous decision of who maintains the property, and it can be a particularly horrible event for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from (208) 782-0233 so both parties are entirely aware of the true market value of their property.

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

Fair and accurate estate liquidation

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocate to or from Bingham County for work

Employee relocation is a stressful event, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our intensive inspection.

Sell your home quickly — at 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 will help you make a better educated decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay on the market. So, obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let (208) 782-0233 assist you in selling your home quickly at the right price