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Appraisal services for Fort Wayne and Allen County homeowners
Here are the top seven reasons why Indiana homeowners need Tim Norris & Associates:
- Get a pre-listing appraisal (whether you're using a real estate agent or selling the home on your own)
- To challenge your property tax assessment in Indiana
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Remove PMI to lower their mortgage payments
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Reinstate your Home Equity Line of Credit (or HELOC)
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Review another appraiser's report for verification
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If property needs to be divided because of a divorce
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Determine the true market value of the real estate in question to settle an estate in Allen county or Indiana
We at Tim Norris & Associates understand the particular needs of a customer looking for appraisal services.
While our typical business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For Sale by Owner/Pre-Listing Services
It's very hard to be objective about your own house because you most likely have an emotional attachment to it.
A professional appraiser is objective and will tell you what you need to know, not just what you want to hear.
In addition to helping you set a realistic selling price so your house will attract many interested buyers, a professional appraisal is a very important negotiating tool once you have a likely buyer.
It's something concrete to show the buyer.
It's an independent third party's opinion of your house's value, and not just how much you think your house is worth.
Potential buyers know that you have an emotional attachment to your home and will be much more likely to give credibility to a seasoned appraiser's value opinion than yours.
Challenge a property tax assessment
Your local tax assessor may have your home overvalued if your home not appreciating as much as other houses close to yours.
That only means you're going to pay more taxes than you should.
Since your property assessment may likely go up again in the next period, the faster you take care of a matter like this, the better.
When challenging your property tax assessment, getting a professional appraisal from Tim Norris & Associates is your perfect weapon.
Appraisals to remove PMI
Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is an attractive way to cut expenses for homeowners.
Your monthly payments will go down once your mortgage loan amount is down below 80% of the value of your house. In most cases you can apply to the lender to have the PMI eliminated from your loan.
We are seasoned in helping people just like you rid themselves of unnecessary PMI insurance.
Was your HELOC recently frozen?
Your lender may decide to automatically freeze your home equity line of credit (HELOC) if your property is near a declining area -- even if your specific property has not declined in value.
This can be difficult from a cash flow standpoint, and unfavorable to your credit score since it may appear as though that credit line is maxed out.
Tim Norris & Associates can provide you with a professional appraisal that will help you reinstate your HELOC.
We Also Provide Field and Desktop Appraisal Review Services
Have you just accepted a copy of your appraisal and you would wish to have a seasoned professional double-check it for precision or do you desire a second opinion without the added cost and delay of waiting for a whole new appraisal?
In a field review we'll go out and check the subject and comparables.
Or, if you need it immediately, we can provide desk review and verify as many facts as we can, using online data sources as well as our own files.
Do you need a retrospective review of an appraisal report? Tim Norris & Associates can help you with that.
Even though most appraisal reviews are commissioned by lenders for quality control, homeowners that have reason to believe a prior appraisal wasn't above board are prudent to get a second opinion.
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