Reasons to order an appraisal

To a lot of people, an appraisal just looks like another fee in the long list of items for a home sale or refinance. And even though there are an increasing number of automated home valuation processes that might appear to be more economical than an appraisal, practically all lenders still call in a local expert because the stakes are very high. But is obtaining a mortgage the only reason to acquire an appraisal? Are there additional situations when the services of a licensed, independent real estate professional might be beneficial? You bet there are.


	If you're planning on any transaction where the value of your home is a factor, you should contact Redbud Appraisal Service, LLC. Just click here.

Appeal your tax assessment in Grant County

If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Redbud Appraisal Service, LLC is your best evidence when building your case. At Redbud Appraisal Service, LLC, we're equipped to assist you in appealing your tax assessment.

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

When the amount being loaned to the buyer is more than 80% of the actual value of the property, most lenders ask buyers to purchase an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is soon forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI installments when the loan-to-value ratio conditions have been met.

Redbud Appraisal Service, LLC can provide you with a statement regarding the value of your home, and the price you paid for the appraisal 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

A divorce is often complicated by the challenging decision of who gets the house, and it can be a very heartbreaking experience for both parties. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from Redbud Appraisal Service, LLC, regardless of the situation.

If the parties need 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 assessment.

Accurate and fair estate liquidation

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We guarantee the fullest 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 affairs, unlike wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, knowing the absolute value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocating to or from Grant County?

We are familiar with the stress associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed process, we encourage employees that are moving to provide input on the positive features of their property, as well as information regarding any recent sales or listings in their area that they want considered.

Selling your home quickly at the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. The price we charge isn't contingent upon the value opinion we render, but rather they depend on our efforts to finish the appraisal.

We analyze the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, seeking a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate 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.