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Reasons to get an appraisal

Year after year, thousands of people in Idaho purchase, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. Most lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation methods that may appear less expensive than an appraisal. Is securing a mortgage the only reason you should get an appraisal? Are there also times when the services of a certified, independent real estate professional could be helpful? Of course.

Let (208) 782-0233 help you lower your mortgage payment

Dispute your tax assessment in Bingham County

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in disputing your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask home owners to purchase when the amount being loaned to the home 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 becomes unnecessary when the remainder 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 implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, (208) 782-0233 will produce a statement regarding the value of your home. The price you paid for the appraisal can generally be offset in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce can be an especially traumatic event for both parties, and it is often even more complicated by the burdensome decision of who keeps the house. Regardless of the circumstances, it's a good idea to get an appraisal from (208) 782-0233 so both parties are completely aware of the true market value of their home.

The parties will have a a good idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Accurate and fair estate liquidation

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

Most Americans don't have dedicated estate planners or executors to manage these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Move to or from Bingham County through an employee relocation program

Employee relocation is a stressful event, and we understand. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide feedback on the positive features of their property, as well as information about any current sales or listings in their neighborhood that they want considered.

Close on your home quickly — for an accurate price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price 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 items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, obtaining a professional appraisal is a trusted way to decide 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.

Let (208) 782-0233 help you sell your home quickly at the right price