Reasons to consider an appraisal from Thomas W. Steinhart

Thousands of people in Indiana buy, sell or refinance their home every month. Many of these transactions have a simple line item for an appraisal. And while there are a budding number of automated home valuation processes that may seem cheaper than an appraisal, the majority of lenders still call in a local expert because the stakes are so high. Is getting a mortgage the only reason you should get an appraisal? Are there also instances when the services of a licensed, independent real estate professional could be beneficial? Of course.

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Dispute your tax assessment in Hamilton County

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. At Thomas W. Steinhart, we're qualified to assist you in appealing your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the home owneris more than 80% of the actual value of the property, many lenders ask homebuyers to purchase this extra insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is bundled into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was invoked by the United States Congress requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

Thomas W. Steinhart will give you a statement regarding the value of your home, and the expense of the home valuation can often be offset in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce can be a very horrible event for both parties, and it is often more complicated by the burdensome decision of who maintains the property. Regardless of the situation, it's a good idea to order an appraisal from Thomas W. Steinhart so both parties are completely aware of the true market value of their home.

If the parties want to sell the home, they'll have a better 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.

Determine a fair and accurate valuation for estate liquidation

The loss of a loved one is a difficult 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 utmost degree of discretion.

Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike wealthier individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocate to or from Hamilton County through an employee relocation program

We are aware of the headaches associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed inspection, we recommend relocating employees to provide feedback on the positive aspects of their property, as well as information about any current sales or listings in their area that they want considered.

Close on your home quickly — for the right price

A professional appraisal will help you make a more informed decision regarding your asking price, whether you want 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 price the house sells for. Our fees depend on our efforts to complete the appraisal report and not a percentage of the sales price.

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 homesare on the market. So, seeking a professional appraisal is a trusted way to decide what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.

Let Thomas W. Steinhart assist you in selling your home quickly at the right price