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Why you should get an appraisal

Every year, thousands of people in Idaho buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Even though there are an increasing number of automated home valuation systems that may appear more cost-effective than an appraisal, nearly all lenders still call for a local expert because the stakes are incredibly high. Is getting a mortgage the only basis for getting an appraisal? Are there more situations when the services of a licensed, independent real estate professional could be helpful? Absolutely.

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

Appeal your tax assessment

If you are in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from (208) 782-0233 is your best evidence when building your case. We can assist you in challenging your tax assessment.

Get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that nearly all lenders ask home owners to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the home. More often than not, this extra payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

(208) 782-0233 will provide you with a statement regarding the value of your home, and the expense of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce is a particularly horrible experience for the parties involved, and it is often even more complicated by the hard decision of who keeps the house. Regardless of the situation, it's a good idea to order an appraisal from (208) 782-0233 so both parties are entirely aware of the true market value of their home.

If the parties want 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 assessment.

Accurate and fair estate liquidation

The loss of a loved one is a hard 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 ensure the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. And since 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 essential importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocate to or from Bingham County for work

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 aspects of their property, as well as information regarding any new sales or listings in their area that they want considered.

Sell your home promptly — for the right price

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees are calculated on our efforts to finish the appraisal report and not a percentage of the sales price.

We examine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to decide 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, because we're experts in knowing how long properties are one the market.

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