Why you should hire an appraiser
To a lot of people, an appraisal is simply another fee in the long list of items for a home sale or refinance. Nearly all lenders still call for a local expert because the stakes are so high, even though there are an increasing number of automated home valuation methods that might appear to be more economical than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there additional cases when the services of a certified, independent real estate professional might come in handy? Of course.
Dispute your tax assessment
If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from J.D. Schwab Appraisal is your best evidence when building your case. At J.D. Schwab Appraisal, we're equipped to assist you in appealing your tax assessment.
Remove PMI to lower your mortgage payment
When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, most lenders ask buyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is folded into the monthly mortgage payment and is quickly forgotten. This is bad because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
J.D. Schwab Appraisal can produce a statement regarding the value of your home, and the expense of the appraisal can often be regained in little time because you'll no longer be paying the PMI.
Get your appraisal from J.D. Schwab AppraisalOrder today
Divorce settlement with less stress
A divorce is a very daunting experience for the parties involved, and it is often even more complicated by the challenging decision of who keeps the property. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from J.D. Schwab Appraisal, regardless of the situation.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Determine an accurate and fair valuation for estate liquidation
The loss of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.
Most Americans do not have dedicated estate planners or executors to manage these issues, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.
Relocate to or from Idaho County for work
We know the stress associated with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their neighborhood that they want considered during our detailed inspection.
Close on your home quickly — for an accurate price
Whether you want 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 when determining your selling price. 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 complete the appraisal report and and aren't related to the sales price.
We determine 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 housesare on the market. So, obtaining a professional appraisal is a trusted 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.