Reasons to hire an appraiserEach year, thousands of people in Indiana purchase, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Almost all lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation processes that might seem more cost-effective than an appraisal. But is securing a mortgage the only reason you should get an appraisal? Are there more cases when the services of a licensed, independent real estate professional might be beneficial? Of course there are.
Let B.A. Dwenger Appraisals, LLC help you challenge your tax assessment in Wayne CountyIf you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from B.A. Dwenger Appraisals, LLC is your best evidence. We're capable of assisting you in challenging your tax assessment.
PMI removal to lower your mortgage paymentWhen the amount being loaned to the homeowner is more than 80% of the actual value of the real estate, nearly all lenders ask buyers to take out an added insurance policy. That policy is Private Mortgage Insurance, or PMI. Most often, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, B.A. Dwenger Appraisals, LLC can produce a statement regarding the value of your home. The cost of the home valuation can often be offset 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 B.A. Dwenger Appraisals, LLCA divorce is often complicated by the burdensome decision of who keeps the home, and it can be a particularly heartbreaking occurrence for both parties. Regardless of the circumstances, it's a good idea to order an appraisal from B.A. Dwenger Appraisals, LLC so both parties are fully aware of the true market value of their house.
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 received a fair evaluation.
Settling an estate with peace of mindThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. We ensure the utmost 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 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 precise value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
B.A. Dwenger Appraisals, LLC can assist you in relocating to or from Wayne CountyWe are familiar with the headaches involved with an employee relocation. We take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive aspects of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our detailed process.
Sell your home quickly at the right price with an appraisal from B.A. Dwenger Appraisals, LLCA professional appraisal will help you make a better educated decision regarding your selling price, whether you decide to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees aren't contingent upon the value opinion we render, but rather they depend on our efforts to complete the appraisal.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to decide 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 homes are one the market.