Why you should get an appraisal from DRB Appraisal

Thousands of people in Indiana purchase, sell or refinance their home every month. Many of these transactions have a simple line item for an appraisal. Most lenders still want a local expert because the stakes are incredibly high, even though there are a budding number of automated home valuation methods that might appear more practical than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there more instances when the services of a certified, independent real estate professional might be helpful? You bet.

Let DRB Appraisal help you lower your mortgage payment

Dispute your tax assessment in Blackford County

It's probable you're paying too much in property taxes if you live in an area where property values have depreciated. Property taxes are determined by a past assessment of your house, so if values have declined in your neighborhood, you can appeal your assessment and save money. An appraisal from DRB Appraisal is your best evidence when building your case. At DRB Appraisal, we're capable of assisting you in challenging your tax assessment.

Eliminating PMI for mortgage payments

When the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, many lenders ask home buyers to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually folded into the monthly mortgage payment, it is often forgotten. This is damaging because PMI is unnecessary when the remainder 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 passed by the United States Congress that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to do away with PMI, DRB Appraisal can produce a statement regarding the value of your home. The cost of the home valuation can generally be recovered 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 is often complicated by the troublesome decision of who maintains the house, and it can be a very daunting occurrence for both parties. 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 property, regardless of the situation.

The parties will have a clearer picture of what price to set, if they need to sell the home. 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 difficult time in life, and settling an estate from a death, or probate, often requires 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 highest degree of discretion.

Most Americans do not have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

Relocate to or from Blackford County through an employee relocation program

We know the stress involved with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive features of their property, along with information about any new sales or listings in their neighborhood that they want considered during our thorough inspection.

Close on your home promptly — for the right price

Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. 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 calculated on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long propertiesstay on the market. So, getting a professional appraisal is a reliable 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.

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