Why you should get an appraisal from Advent Appraisals Inc.

To a lot of people, an appraisal just looks like another fee on the settlement sheet for a home purchase or refinance. While there are a multiplying number of automated home valuation methods that may appear more economical than an appraisal, almost all lenders still need a local expert because the stakes are so high. But is obtaining a mortgage the only reason you should get an appraisal? Are there other times when the services of a certified, independent real estate professional might come in handy? Of course.

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Let Advent Appraisals Inc. help you dispute your tax assessment in Kootenai County

It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your home, so if values have declined in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Advent Appraisals Inc. is your best evidence. At Advent Appraisals Inc., we're capable of assisting you in appealing your tax assessment.

PMI removal will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask home owners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. More often than not, this additional payment is lumped into the monthly mortgage payment and is soon forgotten. This is bad because PMI becomes unnecessary 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) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Advent Appraisals Inc. can produce a statement regarding the value of your home. The price you paid for the home valuation can usually be regained in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is a particularly traumatic experience for the parties involved, and it is often further complicated by the strenuous decision of who maintains the property. Regardless of the situation, it's a good idea to order an appraisal from Advent Appraisals Inc. so both parties are entirely aware of the true market value of their property.

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

Fair and accurate estate liquidation with Advent Appraisals Inc.Settling an estate

The death 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 Market Value for the residential property involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And since a home or other property often makes up an unequal share of the total estate value, knowing the correct value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Relocating to or from Kootenai County

Employee relocation can be a real pain, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough process, we suggest relocating employees to provide remarks on the positive features of their property, along with information regarding any recent sales or listings in their neighborhood that they want considered.

Sell your home quickly at the right price

A professional appraisal can help you make a better educated decision when determining your selling price, whether you choose 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, which is different than the interest of real estate agents. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.

On a daily basis, we analyze the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long properties are on the market. So, seeking 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 too long, costing you hassle and money.