Why you should order an appraisalTo many, an appraisal is simply one more thing in the long list of items for a home sale or refinance. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are an increasing number of automated home valuation methods that may appear cheaper than an appraisal. You might believe that obtaining a mortgage is the only reason to acquire an appraisal, but there are more times when the services of a licensed, independent real estate professional could be helpful.
Dispute your tax assessment in Shelby CountyIt's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your home, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from DB Appraisal Services, Inc is your best evidence when building your case. At DB Appraisal Services, Inc, we're qualified to assist you in disputing your tax assessment.
PMI removal to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that almost all lenders ask home owners to buy when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to dismiss the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to get rid of PMI, DB Appraisal Services, Inc will provide you with a statement regarding the value of your home. The price you paid for the home valuation can generally be offset in just a few months because you'll no longer be paying the PMI.
Settling a divorce with less stressA divorce can be an especially daunting event for both parties, and it is often more complicated by the troublesome decision of who keeps the property. Regardless of the circumstances, it's prudent to order an appraisal from DB Appraisal Services, Inc so both parties are completely aware of the true market value of their property.
The parties will have a better idea 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.
Fair and accurate estate liquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthier individuals. And seeing that a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
DB Appraisal Services, Inc can assist you in relocating to or from Shelby CountyMoving due to a job change can be a real pain. We know where you're coming from. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered during our thorough process.
Sell your home quickly at the right price with an appraisal from DB Appraisal Services, IncA professional appraisal will help you make a more informed decision regarding your asking price, whether you want to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are calculated on our efforts to perform the appraisal report and not a percentage of the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a trusted way to decide 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 an unnecessarily long time - because we're experts in knowing how long homes are one the market.