Why you should get an appraisalEvery year, thousands of people in Indiana purchase, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. And while there are an increasing number of automated home valuation systems that might appear cheaper than an appraisal, practically all lenders still call for a local expert because the stakes are so high. Is securing a mortgage the only basis for getting an appraisal? Are there more times when the services of a licensed, independent real estate professional might come in handy? You bet. 
Challenge your tax assessmentIf you are 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 us is your best evidence. We can assist you in challenging your tax assessment. Getting rid of your PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. More often than not, this additional payment is bundled into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. 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 get rid of PMI, Tim Norris & Associates will produce a statement regarding the value of your home. The cost of the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI. Order your appraisal from Tim Norris & Associates today Order todaySettle a divorce with less stressA divorce can be an especially daunting ordeal for both parties, and it is often more complicated by the troublesome decision of who gets the property. It's a good idea to get an appraisal from Tim Norris & Associates so both parties are fully aware of the true market value of their home, regardless of the situation. If the parties need 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 received a fair assessment. Ascertain an accurate and fair valuation for estate liquidationLosing a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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 highest degree of discretion. Most Americans don't have dedicated estate planners or executors to take care of these affairs, 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 received a fair deal. Move to or from Allen County through an employee relocation programWe are familiar with the stress involved with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. During our intensive inspection, we recommend relocating employees to provide feedback on the positive aspects of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered. Close on your home quickly — at the right priceWhether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to finish the appraisal report. We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. 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, because we're experts in knowing how long homes are one the market. 
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