Reasons to order an appraisal from Schwab Appraisal
To many, an appraisal is simply another cost in the long list of items for a home sale or refinance. And even though there are an increasing number of automated home valuation methods that might appear more prudent than an appraisal, the majority of lenders still need a local expert because the stakes are so high. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are more instances when the services of a certified, independent real estate professional might be helpful.
Appeal your tax assessment in Kootenai County
If you reside in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from Schwab Appraisal is your best evidence when building your case. We can assist you in appealing your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask homebuyers to purchase when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. More often than not, this added payment is lumped into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Schwab Appraisal can give you a statement regarding the value of your home. The expense of the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.
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Divorce settlement with less stress
A divorce can be a particularly daunting experience for both parties, and it is often even more complicated by the challenging decision of who keeps the home. It's a good idea to order an appraisal from Schwab Appraisal so both parties are entirely aware of the true market value of their home, regardless of the situation.
The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The death of 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 fullest 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 do not have dedicated estate planners or executors to handle these matters. And since a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Move to or from Kootenai County for work
Employee relocation is a stressful event, and we understand. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive aspects of their property, along with information regarding any current sales or listings in their neighborhood that they want considered.
Close on your home quickly — for an accurate price
A professional appraisal can help you make a better educated decision when determining your selling price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees rest on our efforts to finish the appraisal report and and aren't related to the sales price.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay on the market. So, seeking 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.