Why An Appraisal
There are lots of reasons consumers call on Indiana Appraisal Services
Thousands of people in Indiana buy, sell or refinance their home every year. Many of these transactions consist of a simple line item for an appraisal. And even though there are a developing number of automated home valuation processes that might appear to be more economical than an appraisal, the majority of lenders still call in a local expert because the stakes are very high. You might believe that obtaining a mortgage is the only reason you should get an appraisal, but there are more situations when the services of a certified, independent real estate professional could come in handy.
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Let Indiana Appraisal Services help you challenge your tax assessment in Marion County
If you live 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 Indiana Appraisal Services is your best evidence. We're qualified to assist you in disputing your tax assessment.
Indiana Appraisal Services can help you do away with PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance plan that many lenders ask home buyers to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. 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.
If you'd like to eliminate PMI, Indiana Appraisal Services can give you a statement regarding the value of your home. The price you paid for the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from Indiana Appraisal Services
A divorce can be a particularly traumatic experience for both parties, and it is often more complicated by the challenging decision of who maintains the home. Regardless of the circumstances, it's wise to order an appraisal from Indiana Appraisal Services so both parties are entirely aware of the true market value of their house.
If the parties wish to sell the home, they'll have a better idea 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.
Fair and accurate estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish 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.
Most Americans don't have dedicated estate planners or executors to manage these matters, unlike wealthy individuals. A home or other property often makes up a disproportionate 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 leave knowing they've gotten an honest deal.
Let Indiana Appraisal Services help you with relocating to or from Marion County
We know the headaches associated with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. During our detailed process, we encourage relocating employees to provide remarks on the positive attributes of their property, as well as information about any recent sales or listings in their neighborhood that they want considered.
Let Indiana Appraisal Services help you sell your home quickly at 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 will help you make a more informed decision when determining your asking price. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. 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 determine the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homes stay on the market. So, obtaining a professional appraisal is a reliable 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 for an extended amount of time.