Reasons to consider an appraisal from Lundquist Appraisals & Real Estate Services

Thousands of people in Indiana buy, sell or refinance their home every month. Most of these transactions involve a simple line item for an appraisal. Practically all lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that may seem more economical than an appraisal. Is obtaining a mortgage the only reason to get an appraisal? Are there more instances when the services of a certified, independent real estate professional might be helpful? Of course.

Let Lundquist Appraisals & Real Estate Services assist you in lowering your mortgage payment

Contest your tax assessment in Wabash County

If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. An appraisal from Lundquist Appraisals & Real Estate Services is your best evidence when building your case. We're capable of assisting you in appealing your tax assessment.

Removing PMI for mortgage payments

When the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, most lenders ask home buyers to purchase this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is soon forgotten. This is damaging because PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.

Lundquist Appraisals & Real Estate Services will give you a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is often complicated by the burdensome decision of who gets the house, and it can be a particularly traumatic event for both parties. It's a good idea to get 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 situation.

The parties will have a a good 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 received a fair evaluation.

Determine a fair and accurate valuation for estate liquidation

Losing 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost degree of discretion.

Most Americans do not have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.

Move to or from Wabash County through an employee relocation program

Employee relocation can be a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide input on the positive aspects of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.

Close on your home quickly — for the right price

A professional appraisal can help you make a better educated decision when determining your asking price, whether you decide to sell your home on your own or with the help 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 are calculated on our efforts to complete the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value items like an extra bathroom or a kitchen remodel can make. 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 stay on the market.

Let Lundquist Appraisals & Real Estate Services assist you in selling your home quickly at the right price