Reasons to consider an appraisal from DRB Appraisal

To a lot of people, an appraisal is simply another cost on the settlement sheet for a home purchase or refinance. Even though there are a multiplying number of automated home valuation processes that might seem more practical than an appraisal, the majority of lenders still want a local expert because the stakes are incredibly high. You might assume that getting a mortgage is the only basis for getting an appraisal, but there are more times when the services of a certified, independent real estate professional could be beneficial.

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Appeal 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 declined. Property taxes are determined by a previous assessment of your house, so if prices are less than what they used to be in your area, 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 qualified to assist you in appealing your tax assessment.

Getting rid of your PMI for mortgage payments

Private Mortgage Insurance, or PMI, is an additional insurance plan that most lenders ask homeowners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. This added payment is often bundled into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, DRB Appraisal will provide you with a statement regarding the value of your home. The expense of the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with less stress

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

If the parties need to sell the home, they'll have a better idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Ascertain an accurate and fair valuation for estate liquidation

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

Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Move to or from Blackford County through an employee relocation program

We are aware of the stress involved with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we suggest relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any new sales or listings in their area that they want considered.

Close on your home promptly — for the right price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision regarding your selling price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. 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, because we're experts in knowing how long homes stay on the market.

Let DRB Appraisal assist you in selling your home quickly at the right price