Reasons to hire an appraiser

To a lot of people, an appraisal is simply one more thing on the break-sheet for a mortgage or refinance. Even though there are a budding number of automated home valuation processes that might appear to be more practical than an appraisal, practically all lenders still call in a local expert because the stakes are so high. Is securing a mortgage the only reason to acquire an appraisal? Are there additional situations when the services of a licensed, independent real estate professional could come in handy? Absolutely.

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Challenge your tax assessment

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 LLC is your best evidence when building your case. At Schwab Appraisal LLC, we're capable of assisting you in disputing your tax assessment.

PMI removal to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask homebuyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the property. Most often, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Schwab Appraisal LLC will provide you with a statement regarding the value of your home. The price you paid for the home valuation can often be recovered in just a few months because you'll no longer be paying the PMI.

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Get a fair valuation on a home for divorce settlements

A divorce is a very traumatic ordeal for the parties involved, and it is often more complicated by the strenuous decision of who gets the house. Regardless of the situation, it's a good idea to order an appraisal from Schwab Appraisal LLC so both parties are fully aware of the true market value of their home.

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

Fair and accurate estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these matters. A home or other property often makes up an uneven 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 is a stressful event, and we understand. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our detailed inspection.

Close on your home promptly — at an accurate price

A professional appraisal can help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a reliable 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 homes are one the market.

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