Reasons someone would call Mark D Young Appraisal ServicesThousands of people in Idaho purchase, sell or refinance their home every year. Most of these transactions consist of a simple line item for an appraisal. And while there are a developing number of automated home valuation methods that might appear more economical than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. But is getting a mortgage the only reason to get an appraisal? Are there also cases when the services of a certified, independent real estate professional could be beneficial? Absolutely.
Dispute your tax assessment in Ada CountyIf you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Mark D Young Appraisal Services is your best evidence. At Mark D Young Appraisal Services,we can assist you in disputing your tax assessment.
Eliminating PMI will lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the home, many lenders ask homebuyers to buy an additional insurance policy. 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 unfortunate because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
Mark D Young Appraisal Services can produce a statement regarding the value of your home, and the cost of the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.
Divorce settlement with less stressA divorce can be a particularly traumatic experience for both parties, and it is often more complicated by the strenuous decision of who gets the property. Regardless of the situation, it's wise to order an appraisal from Mark D Young Appraisal Services so both parties are entirely 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 on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Trustworthy estate liquidationThe death of a loved one is a hard 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Relocating to or from the Treasure ValleyEmployee relocation can be a real pain, and we understand. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our intensive process, we recommend relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.
Sell your home quickly at the right price with an appraisal from Mark D Young Appraisal ServicesA professional appraisal can help you make a better educated 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. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. The price we charge isn't contingent upon the value we report, but rather they are based on our efforts to complete the appraisal.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to determine 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 - because we're experts in knowing how long houses stay on the market.