Reasons you should order an appraisal from DRB AppraisalThousands of people in Indiana buy, sell or refinance their home each month. Most of these transactions contain a simple line item for an appraisal. The majority of lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation systems that may appear to be more economical than an appraisal. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are additional times when the services of a licensed, independent real estate professional might be beneficial. 
Dispute your tax assessmentIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from DRB Appraisal is your best evidence when building your case. At DRB Appraisal, we're equipped to assist you in appealing your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the home owneris more than 80% of the actual value of the home, almost all lenders ask home owners to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this additional payment is lumped into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to eliminate PMI, DRB Appraisal can provide you with a statement regarding the value of your home. The expense of the home valuation can usually be recovered in just a few months because you'll no longer be paying the PMI. Order an appraisal from DRB Appraisal Order todayDivorce settlement with less stressA divorce is often complicated by the challenging decision of who keeps the property, and it can be a very traumatic ordeal for both parties. So both parties are fully aware of the true market value of their property, it's a good idea to get an appraisal from DRB Appraisal, regardless of the circumstances. The parties will have a better 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 gotten a fair assessment. Accurate and fair estate liquidationLosing 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 Fair Market Value for the real estate involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Move to or from Blackford County through an employee relocation programEmployee relocation can be a stressful event, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide input on the positive characteristics of their property, as well as information about any recent sales or listings in their area that they want considered. Close on your home promptly — at an accurate priceA professional appraisal will help you make a more informed decision when determining your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal report. We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesare on the market. So, getting 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. 
|