Reasons to choose an appraisal from DRB Appraisal
To many, an appraisal just looks like another fee on the settlement sheet for a home purchase or refinance. While there are a budding number of automated home valuation methods that might appear to be cheaper than an appraisal, most lenders still call in a local expert because the stakes are incredibly high. Is securing a mortgage the only basis for getting an appraisal? Are there other instances when the services of a licensed, independent real estate professional might be helpful? You bet.
Challenge your tax assessment in Blackford County
If you live in an area where the value of property has declined, 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 can assist you in challenging your tax assessment.
PMI removal to lower your mortgage payment
When the amount being loaned to the buyeris more than 80% of the actual value of the property, nearly all lenders ask home owners to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented 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 eliminate PMI, DRB Appraisal will give you a statement regarding the value of your home. The cost of the appraisal can often be offset in just a few months because you'll no longer be paying the PMI.
Get your appraisal from DRB AppraisalOrder online
Get a clear valuation on a home for divorce settlements
A divorce is often complicated by the difficult decision of who gets the home, and it can be a particularly horrible event for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from DRB Appraisal, regardless of the circumstances.
If the parties want to sell the home, they'll have a better idea 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.
Determine a fair and accurate valuation for 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 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.
Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. And since a home or other property often makes up a disproportionate 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 gotten a fair deal.
Move to or from Blackford County through an employee relocation program
We are familiar with the stress involved with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we recommend relocating employees to provide remarks on the positive attributes of their property, along with information about any current sales or listings in their neighborhood that they want considered.
Sell your home promptly — for an accurate price
Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision regarding your asking price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to finish the appraisal report.
On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long housesare on the market. So, seeking a professional appraisal is a reliable 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.