Why would you need an appraisal from Reitzler Appraisal Services?

Thousands of people in Indiana purchase, sell or refinance their home each year. Most of these transactions involve a simple line item for an appraisal. And even though there are a growing number of automated home valuation systems that might appear to be less expensive than an appraisal, the majority of lenders still call for a local expert because the stakes are so high. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are more cases when the services of a licensed, independent real estate professional might be helpful.

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Dispute your tax assessment in Wayne County

If you live in an area where property values have declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Reitzler Appraisal Services is your best evidence. We're qualified to assist you in disputing your tax assessment.

How can you do away with PMI to lower your mortgage payment?

When the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, almost all lenders ask homebuyers to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, Reitzler Appraisal Services will produce a statement regarding the value of your home. The expense of the home valuation can generally be recovered 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 Reitzler Appraisal Services

A divorce can be a very traumatic event for both parties, and it is often further complicated by the strenuous decision of who maintains the property. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Reitzler Appraisal Services, regardless of the circumstances.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Settling an estate with peace of mind

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires 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 fullest degree of discretion.

Unlike wealthy 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 a disproportionate share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.

Reitzler Appraisal Services can assist you in relocating to or from Wayne County

Moving due to a job change 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. We encourage relocating employees to provide input on the positive aspects of their property, as well as information about any recent sales or listings in their area that they want considered during our intensive process.

Don't sell out for too little or let your home stay on the market too long.

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are derived from our efforts to finish the appraisal report and and aren't related to the sales price.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties stay on the market. So, obtaining a professional appraisal is a trusted 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 too long, costing you time and money.