Reasons you should order an appraisal from DRB Appraisal

Thousands of people in Indiana buy, sell or refinance their home every year. Many of these transactions have a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are so high, even though there are a multiplying number of automated home valuation systems that may appear to be more economical than an appraisal. Is getting a mortgage the only reason to get an appraisal? Are there other instances when the services of a certified, independent real estate professional could be beneficial? You bet.

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Dispute your tax assessment

If you reside in an area where the value of property 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. At DRB Appraisal, we're capable of assisting you in disputing your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.

DRB Appraisal can provide you with a statement regarding the value of your home, and the cost of the home valuation can generally be regained 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 home, and it can be an especially daunting event for both parties. 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 house, 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.

Determine a fair and accurate 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 entails 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 maximum degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the true worth of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received an honest deal.

Move 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 establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our detailed inspection.

Sell your home quickly — at an accurate price

A professional appraisal will help you make a more informed decision regarding your selling price, whether you decide to sell your home on your own or use the assistance 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 aren't related to the sales price, but rather they rest on our efforts to complete 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 homesstay on the market. So, obtaining 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