Let Schwab Appraisal attend to your appraisal needs

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. While there are a budding number of automated home valuation methods that might appear to be more practical than an appraisal, nearly all lenders still call for a local expert because the stakes are very high. Is obtaining a mortgage the only reason to get an appraisal? Are there also cases when the services of a certified, independent real estate professional could come in handy? Of course.

Let Schwab Appraisal assist you in lowering your mortgage payment

Dispute your tax assessment in Idaho County

It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in appealing your tax assessment.

PMI removal to reduce your mortgage payment

When the amount being loaned to the homebuyeris more than 80% of the actual value of the property, almost all lenders ask homeowners to buy this added insurance plan. That policy is Private Mortgage Insurance, or PMI. Very often, this added payment is lumped into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments 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 home valuation can usually be regained in little time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is a particularly traumatic event for the parties involved, and it is often further complicated by the burdensome decision of who maintains the home. So both parties are fully aware of the true market value of their house, it's a good idea to order an appraisal from Schwab Appraisal, regardless of the situation.

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 evaluation.

Fair and accurate 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 real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

Relocate to or from Idaho County through an employee relocation program

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

Close on your home promptly — at the right price

A professional appraisal can help you make a better educated decision when determining your asking 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 amount the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal report.

We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking 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, because we're experts in knowing how long properties are one the market.

Let Schwab Appraisal assist you in selling your home quickly at the right price