Let Lundquist Appraisals & Real Estate Services attend to your appraisal needs
To many, an appraisal is simply one more thing in the long list of items for a home sale or refinance. Practically all lenders still want a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation systems that might appear more cost-effective than an appraisal. You might think that getting a mortgage is the only reason to get an appraisal, but there are more cases when the services of a certified, independent real estate professional might come in handy.
Dispute your tax assessment in Wabash County
It's possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your home, so if prices have gone down in your area, you can appeal your assessment and save money. An appraisal from Lundquist Appraisals & Real Estate Services is your best evidence when building your case. We can assist you in disputing your tax assessment.
Remove PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance policy that nearly all lenders ask home owners to buy when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. This added payment is often lumped into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to do away with PMI, Lundquist Appraisals & Real Estate Services can give you a statement regarding the value of your home. The cost of the home valuation can generally be recovered in little time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce is often complicated by the strenuous decision of who maintains the home, and it can be a very traumatic experience for both parties. It's a good idea to order an appraisal from Lundquist Appraisals & Real Estate Services so both parties are fully aware of the true market value of their home, regardless of the circumstances.
The parties will have a good idea of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
Losing a loved one is a hard 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 highest degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Wabash County through an employee relocation program
Employee relocation is a stressful event, and we understand. We take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, along with information regarding any new sales or listings in their neighborhood that they want considered during our detailed inspection.
Sell your home promptly — at the right price
A professional appraisal can help you make a better educated decision regarding your selling price, whether you choose 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 rest on our efforts to complete the appraisal report and and aren't related to the sales price.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting 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 an unnecessarily long time, because we're experts in knowing how long properties are one the market.