6 Reasons to order an appraisal from DRB AppraisalTo many, an appraisal is simply another fee in the long list of items for a home sale or refinance. Nearly all lenders still call for a local expert because the stakes are so high, even though there are a growing number of automated home valuation methods that might appear to be more cost-effective than an appraisal. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are other times when the services of a licensed, independent real estate professional might be helpful. 
Challenge your tax assessmentIf you live in an area where the property value has depreciated, it's possible you're paying too much in property taxes. An appraisal from DRB Appraisal is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment. Get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the home buyeris more than 80% of the actual value of the property, many lenders ask homebuyers to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is bad because PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. DRB Appraisal will produce a statement regarding the value of your home, and the price you paid for the appraisal can generally be recovered in little time because you'll no longer be paying the PMI. Order your appraisal from DRB Appraisal today Order todaySettle a divorce with fewer hang-upsA divorce is often complicated by the troublesome decision of who maintains the property, and it can be a very traumatic ordeal for both parties. It's a good idea to get an appraisal from DRB Appraisal so both parties are completely aware of the true market value of their house, regardless of the situation. If the parties want to sell the home, they'll have a clearer picture 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 evaluation. Fair and accurate estate liquidationThe death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion. Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. And since a home or other property often makes up an uneven 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 received a fair deal. Move to or from Blackford County through an employee relocation programWe are familiar with the headaches involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive features of their property, along with information about any recent sales or listings in their area that they want considered. Sell your home promptly — for the right priceA professional appraisal will help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report. We determine 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 housesstay on the market. So, obtaining a professional appraisal is a trusted way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time. 
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