Why you should get an appraisalYear after year, thousands of people in Idaho buy, sell or refinance their home. A lot of these transactions consist of a simple line item for an appraisal. And even though there are a growing number of automated home valuation methods that might appear to be more cost-effective than an appraisal, most lenders still need a local expert because the stakes are incredibly high. Is securing a mortgage the only reason you should get an appraisal? Are there also times when the services of a certified, independent real estate professional might come in handy? You bet. 
Challenge your tax assessmentIf you are in an area where property values have declined, 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. We're equipped to assist you in appealing your tax assessment. Getting rid of your PMI for mortgage paymentsWhen the amount being loaned to the home owneris more than 80% of the actual value of the property, nearly all lenders ask home owners to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is lumped into the monthly mortgage payment and is quickly forgotten. This is bad because PMI isn't necessary 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 invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met. Schwab Appraisal LLC will provide you with a statement regarding the value of your home, and the price you paid for the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI. Order an appraisal from Schwab Appraisal LLC Order onlineDivorce settlement with fewer hang-upsA divorce is often complicated by the troublesome decision of who gets the home, and it can be an especially daunting event for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from Schwab Appraisal LLC so both parties are entirely aware of the true market value of their house. 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 received a fair assessment. Determine an accurate and fair valuation for estate liquidationThe 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 real estate involved. We guarantee the maximum 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 take care of these issues. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Move to or from Kootenai County through an employee relocation programWe understand the headaches associated with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information regarding any new sales or listings in their area that they want considered during our intensive inspection. Close on your home quickly — for an accurate priceA professional appraisal can help you make a better educated decision when determining your asking price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to finish the appraisal report. On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking a professional appraisal is a reliable 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. 
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