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Reasons to get an appraisal

Thousands of people in Indiana buy, sell or refinance their home every month. A lot of these transactions have a simple line item for an appraisal. Even though there are a multiplying number of automated home valuation processes that might seem more economical than an appraisal, almost all lenders still need a local expert because the stakes are incredibly high. But is securing a mortgage the only reason you should get an appraisal? Are there also cases when the services of a certified, independent real estate professional might be helpful? You bet there are.

Order appraisals online from Cheaney Appraisal Service by simply clicking here.

Let Cheaney Appraisal Service help you challenge your tax assessment in Vanderburgh County, Warrick County, Gibson County or Posey County

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

PMI removal will 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 home owners to purchase an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) 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, Cheaney Appraisal Service will provide you with a statement regarding the value of your home. The expense of the appraisal can usually be recovered in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the difficult decision of who gets the home, and it can be a very traumatic experience for both parties. It's a good idea to order an appraisal from Cheaney Appraisal Service so both parties are fully aware of the true market value of their home, regardless of the circumstances.

If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've received 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 calls for an appraisal to establish Market Value for the real estate involved. We ensure 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 do not have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. And since a home or other property often makes up an unequal share of the total estate value, understanding the correct value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Cheaney Appraisal Service can help you with relocating to or from Vanderburgh County, Warrick County, Gibson County or Posey County

Moving due to a job change is a stressful event, and we understand. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. During our thorough process, we encourage relocating employees to provide remarks on the positive attributes of their property, as well as information regarding any current sales or listings in their area that they want considered.

Sell your home quickly at the right price with an appraisal from Cheaney Appraisal Service

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a better educated decision regarding your selling price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are calculated on our efforts to perform the appraisal report and and aren't related to the sales price.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. 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 for an extended amount of time.