Reasons to consider an appraisal from Schwab Appraisal LLC

Thousands of people in Idaho purchase, sell or refinance their home each month. Most of these transactions contain a simple line item for an appraisal. While there are a multiplying number of automated home valuation methods that might appear to be less expensive than an appraisal, practically all lenders still need a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason to acquire an appraisal? Are there additional cases when the services of a certified, independent real estate professional could be beneficial? You bet.

Let Schwab Appraisal LLC assist you in lowering your mortgage payment

Appeal your tax assessment in Kootenai County

It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your home, so if prices are less than what they used to be in your area, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

Removing PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask homebuyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. This extra payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

Schwab Appraisal LLC will produce a statement regarding the value of your home, and the cost of the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce can be an especially horrible experience for both parties, and it is often further complicated by the challenging decision of who maintains the house. Regardless of the circumstances, it's a good idea to get an appraisal from Schwab Appraisal LLC so both parties are fully aware of the true market value of their home.

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

Determine 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 real estate 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 wealthier individuals, most Americans do not 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 value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received a fair deal.

Move to or from Kootenai County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information about any current sales or listings in their neighborhood that they want considered during our intensive inspection.

Sell your home promptly — for 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 can help you make a more informed decision regarding your selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we examine the difference in value things like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable way to decide what improvements will add value and what a suitable 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 stay on the market.

Let Schwab Appraisal LLC help you sell your home quickly at the right price