Cheaney Appraisal Service

read moreIt's largely known that a 20% down payment is accepted when getting a mortgage. Since the liability for the lender is generally only the remainder between the home value and the amount outstanding on the loan, the 20% provides a nice buffer against the expenses of foreclosure, selling the home again, and typical value changeson the chance that a purchaser is unable to pay. Lenders were working with down payments down to 10, 5 and even 0 percent during the mortgage boom of the last decade. A lender is able to endure the added risk of the minimal down payment with Private Mortgage Insurance or PMI.

read moreSelling your home? You would be wise to invest in an appraisal. An appraisal doesn't cost that much and it's worth the money in the long run! Unless a homeowner makes a career out of studying real estate values, like an appraiser, it's difficult for them to get a handle on local real estate values. We are not talking about how much you have invested in your home, or how much you want for it. Instead, the appraisal measures how much your home will bring on the open market. More and more IN homeowners are deciding to sell their homes FSBO (For Sale By Owner) and foregoing the help of a real estate agent.

read moreMost localities determine your property tax burden based on an ad valorem assessment of the property's value. Sometimes, as a property owner, you get an unwanted surprise in the mail telling you your taxes are going up, and sometimes it may seem as though your assessment is too high. Often, matters like this can be resolved with a phone call. However, if after discussing your assessment with your local taxing authority you still feel as though your property was overvalued, a professional, independent, third-party appraiser is often your best bet in proving your case.

read moreThousands 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?

read moreUSPAP, which you might hear pronounced like "YOOS-pap, " is the Uniform Standards of Professional Appraisal Practice. USPAP is published and maintained by the Appraisal Standards Board (ASB) of the Appraisal Foundation, a non-governmental entity charged by Congress with promulgating appraisal standards. USPAP is revised periodically, usually every year. It begins with a list of Definitions, and a Preamble defining the mission. It then declares a set of general Rules governing all disciplines of appraisal practice: The Ethics Rule, the Competency Rule, the Scope of Work Rule, the Jurisdictional Exception Rule, and the Supplemental Standards Rule.

read moreMaybe you aren't certain you require an appraisal but you'd still like to get some help getting local property and sales stats. Cheaney Appraisal Service can provide you with low cost sales and listing reports that will guide you through the jungle of raw data that's out there. Our company will help you to make an informed buying decision with our specially tailored reports. An informed buying decision is far easier with our assistance through an appraisal. There are so many different variables that go into buying a house that it can seem incredibly daunting.

read moreThe responsibility of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and exactly as possible. You can count on us to act quickly and with as much respect to the feelings of everyone left behind. Attorneys and accountants rely on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we are sympathetic to these requirements and are comfortable to dealing with all parties involved.

read moreFor years, mortgage lenders and consumers, as well as other real estate professionals have depended on our expertise to provide high-quality appraisals on all sorts of homes in Vanderburgh, Warrick, Posey and Gibson Counties. By continuously keeping up with local real estate trends in the area and staying current on valuation techniques through accredited courses, we've been consistently able to deliver reliable home valuations for people just like you. How do we save time and maintain affordable prices while maintaining high quality?