Why you should get an appraisal from Hearthstone AppraisalEach year, thousands of people in Washington buy, sell or refinance their home. Many of these transactions include a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are very high, even though there are a budding number of automated home valuation processes that might appear more practical than an appraisal. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are other situations when the services of a licensed, independent real estate professional could come in handy.
Appeal your tax assessment in Spokane CountyIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Hearthstone Appraisal is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.
How can you do away with PMI to lower your mortgage payment?When the amount being loaned to the buyer is more than 80% of the actual value of the real estate, many lenders ask homebuyers to take out an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is bad because PMI is unnecessary 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 passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Hearthstone Appraisal will give you a statement regarding the value of your home, and the expense of the appraisal can generally be recovered in just a few months because you'll no longer be paying the PMI.
An appraisal from Hearthstone Appraisal will help you settle a divorce with less stressA divorce can be a particularly traumatic event for both parties, and it is often more complicated by the hard decision of who gets the home. Regardless of the circumstances, it's a good idea to get an appraisal from Hearthstone Appraisal so both parties are fully aware of the true market value of their home.
The parties will have a better idea of what price to set, if they need 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 evaluation.
Fair and accurate estate liquidation with Hearthstone Appraisal Settling an estateLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate 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 wealthier individuals, most Americans don't have dedicated estate planners or executors to handle these matters. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the correct value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.
Relocating to or from Spokane County?We are aware of the stress associated with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered during our thorough process.
Selling your home quickly at the right price with an appraisal from Hearthstone AppraisalWhether 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 asking price. 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 aren't related to the sales price, but rather they are based on our efforts to complete the appraisal.
On a daily basis, we examine the difference in value things like an extra bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a reliable 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 properties stay on the market.