There are lots of reasons the public calls on Lynn E. Peterson

Year after year, thousands of people in Idaho purchase, sell or refinance their home. A lot of these transactions have a simple line item for an appraisal. And even though there are a budding number of automated home valuation systems that may seem more cost-effective than an appraisal, most lenders still call for a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason to acquire an appraisal, but there are other cases when the services of a certified, independent real estate professional might be helpful.


	For real estate appraisals in Shelley and Bingham County, it's easiest when your order online from Lynn E. Peterson, just click here.

Dispute your tax assessment in Bingham County

If you reside 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 Lynn E. Peterson is your best evidence. At Lynn E. Peterson, we're qualified to assist you in challenging your tax assessment.

Lynn E. Peterson can help you do away with PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask home owners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the property. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to eliminate the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

Lynn E. Peterson will give you a statement regarding the value of your home, and the expense of the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is often complicated by the difficult decision of who gets the property, and it can be a very heartbreaking occurrence for both parties. So both parties are completely aware of the true market value of their house, it's a good idea to get an appraisal from Lynn E. Peterson, regardless of the situation.

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 gotten a fair assessment.

Settling an estate with peace of mind

The loss of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these affairs, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, knowing the certain value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocating to or from Bingham County?

We are familiar with the headaches involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough process, we recommend relocating employees to provide input on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered.

Selling your home quickly at the right price

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining 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. The price we charge isn't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, getting a professional appraisal is a reliable way to decide 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.