Reasons to get an appraisal from DRB Appraisal

To a lot of us, an appraisal is simply a line item on the settlement sheet for a mortgage or refinance. Practically all lenders still call in a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that might appear more practical than an appraisal. Is getting a mortgage the only basis for getting an appraisal? Are there additional times when the services of a licensed, independent real estate professional might be beneficial? Of course.

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Contest your tax assessment in Blackford County

If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in challenging your tax assessment.

Get rid of PMI to lower your mortgage payment

When the amount being loaned to the homeowneris more than 80% of the actual value of the home, most lenders ask buyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, DRB Appraisal can give you a statement regarding the value of your home. The price you paid for the appraisal can generally be recovered in little time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce is often complicated by the strenuous decision of who keeps the home, and it can be a very daunting ordeal for both parties. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from DRB Appraisal, regardless of the situation.

If the parties need 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 gotten a fair evaluation.

Determine an accurate and fair valuation for estate liquidation

The death of a loved one is a difficult 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the highest degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. A home or other property often makes up an unequal 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 walk away knowing they've received a fair deal.

Move to or from Blackford County through an employee relocation program

Employee relocation can be a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our thorough inspection.

Close on your home promptly — at the right price

A professional appraisal can help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to determine 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, because we're experts in knowing how long houses are one the market.

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