Why you should order an appraisal

To many, an appraisal just looks like one more thing on the break-sheet for a home purchase or refinance. While there are a multiplying number of automated home valuation systems that might seem more practical than an appraisal, practically all lenders still call for a local expert because the stakes are incredibly high. Is obtaining a mortgage the only reason you should get an appraisal? Are there more situations when the services of a licensed, independent real estate professional might be helpful? Of course there are.

Let DRB Appraisal help you lower your mortgage payment

Contest your tax assessment in Blackford County

It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in challenging your tax assessment.

PMI removal to reduce a mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that most lenders ask home owners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Oftentimes, this added payment is lumped into the monthly mortgage payment and is soon forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, DRB Appraisal will give you a statement regarding the value of your home. The cost of the home valuation can often be recovered in a short amount of time because you'll no longer be paying the PMI.

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Divorce settlement with fewer hang-ups

A divorce can be an especially horrible ordeal for both parties, and it is often more complicated by the burdensome decision of who maintains the home. It's a good idea to order an appraisal from DRB Appraisal so both parties are entirely aware of the true market value of their home, regardless of the situation.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Accurate and fair estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the residential property involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these matters. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocate to or from Blackford County through an employee relocation program

We understand the headaches involved with an employee relocation. That's why we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered during our detailed inspection.

Close on your home quickly — at an accurate price

A professional appraisal can help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or with the help 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 are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, seeking 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.

Let DRB Appraisal help you sell your home quickly at the right price