Reasons to hire an appraiserThousands of people in Idaho purchase, sell or refinance their home each year. Many of these transactions involve a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that might seem less expensive than an appraisal. Is securing a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a certified, independent real estate professional could be helpful? Of course. 
Dispute your tax assessment in Canyon CountyIt's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a previous assessment of your house, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. At Appraisal Service of Idaho, we're qualified to assist you in appealing your tax assessment. PMI removal to reduce a mortgage paymentWhen the amount being loaned to the homeowneris more than 80% of the actual value of the real estate, almost all lenders ask home owners to buy this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Appraisal Service of Idaho will give you a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in just a few months because you'll no longer be paying the PMI. Order your appraisal from Appraisal Service of Idaho today Order todayGet a fair valuation on a home take make a divorce settlement less stressfulA divorce is a very traumatic ordeal for the parties involved, and it is often more complicated by the burdensome decision of who maintains the property. Regardless of the circumstances, it's a good idea to order an appraisal from Appraisal Service of Idaho so both parties are completely aware of the true market value of their home. The parties will have a clearer picture 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 assessment. Fair and accurate estate liquidationThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for 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, ensuring the maximum degree of discretion. Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these matters. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Relocate to or from Canyon County for workWe know the stress involved with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered. Sell your home quickly — for the right priceWhether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they rest on our efforts to complete the appraisal report. On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long homesstay on the market. So, obtaining a professional appraisal is a reliable way to determine 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. 
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