For Homeowners

Let Thornycroft Appraisals handle your appraisal

To many, an appraisal is simply one more thing in the long list of items for a home sale or refinance. And even though there are an increasing number of automated home valuation systems that might appear more economical than an appraisal, almost all lenders still call in a local expert because the stakes are very high. But is securing a mortgage the only reason to get an appraisal? Are there more situations when the services of a licensed, independent real estate professional could come in handy? Of course there are.

Let Thornycroft Appraisals help you challenge your tax assessment in Latah County

If 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 Thornycroft Appraisals is your best evidence when building your case. At Thornycroft Appraisals, we’re equipped to assist you in disputing your tax assessment.

Let Thornycroft Appraisals help you lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the property, nearly all lenders ask home buyers to buy an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this added payment is lumped into the monthly mortgage payment and is soon forgotten. PMI isn’t necessary when the leftover balance of the loan – whether through market appreciation or principal pay down – decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to eliminate the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

Thornycroft Appraisals can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be recovered in just a few months because you’ll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Thornycroft Appraisals

A divorce can be a very traumatic event for both parties, and it is often even more complicated by the difficult decision of who maintains the property. Regardless of the situation, it’s wise to get an appraisal from Thornycroft Appraisals so both parties are fully aware of the true market value of their house.

The parties will have a a good idea of what price to set, if they wish 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.

Accurate and fair estate liquidation

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails 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, ensuring the fullest degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. And since a home or other property often makes up an uneven share of the total estate value, knowing the precise value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they’ve received an honest deal.

Relocating to or from Latah County

Employee relocation can be a real pain. We know where you’re coming from. That’s why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive process, we encourage employees that are moving to provide input on the positive characteristics of their property, along with information regarding any recent sales or listings in their area that they want considered.

Don’t sell out for too little or keep your home on the market too long

Whether you want 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 selling price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees are calculated on our efforts to finish the appraisal report and and aren’t related to the sales price.

We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting 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 – because we’re experts in knowing how long properties are one the market.