Let DRB Appraisal take care of your appraisal needs
Thousands of people in Indiana purchase, sell or refinance their home each year. A lot of these transactions include a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation systems that may appear to be less expensive than an appraisal, most lenders still want a local expert because the stakes are incredibly high. 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 could be beneficial? Of course there are.
Appeal your tax assessment in Blackford County
If you reside in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from DRB Appraisal is your best evidence when building your case. At DRB Appraisal, we're capable of assisting you in appealing your tax assessment.
Eliminating PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an extra insurance plan that nearly all lenders ask homebuyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. Since the additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with 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 price you paid for the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.
Get your appraisal from DRB AppraisalOrder today
Get a clear valuation on a home take make a divorce settlement less stressful
A divorce is an especially horrible ordeal for the parties involved, and it is often even more complicated by the difficult decision of who gets the house. 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 wish to sell the home. 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. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. And since a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Relocate to or from Blackford County for work
Employee relocation is a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any new sales or listings in their neighborhood that they want considered during our intensive inspection.
Sell your home quickly — at the right price
A professional appraisal will help you make a better educated decision regarding your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.
We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesare on the market. So, obtaining a professional appraisal is a trusted way to determine 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.