Reasons someone would need Tim Norris & Associates

To many, an appraisal is simply one more thing on the break-sheet for a home sale or refinance. Practically all lenders still need a local expert because the stakes are incredibly high, even though there are a developing number of automated home valuation systems that might appear more economical than an appraisal. But is securing a mortgage the only reason you should get an appraisal? Are there more cases when the services of a licensed, independent real estate professional might be helpful? Absolutely.


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Let Tim Norris & Associates help you dispute your tax assessment in Allen County

It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your home, so if prices are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from Tim Norris & Associates is your best evidence. At Tim Norris & Associates, we're qualified to assist you in challenging your tax assessment.

PMI removal will lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that most lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the property. This added payment is often folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to eliminate PMI, Tim Norris & Associates can give you a statement regarding the value of your home. The expense of the home valuation can generally be offset in little time because you'll no longer be paying the PMI.

An appraisal from Tim Norris & Associates will help you settle a divorce with less stress

A divorce can be a very daunting event for both parties, and it is often even more complicated by the burdensome decision of who keeps the home. Regardless of the circumstances, it's a good idea to get an appraisal from Tim Norris & Associates so both parties are entirely aware of the true market value of their house.

The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Settling an estate with peace of mind

The death of a loved one is a painful 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the maximum degree of discretion.

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.

Let Tim Norris & Associates assist you in relocating to or from Allen County

We are aware of the headaches associated with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. During our intensive process, we encourage relocating employees to provide remarks on the positive attributes of their property, along with information about any recent sales or listings in their neighborhood that they want considered.

Let Tim Norris & Associates help you sell your home quickly at the right price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.

We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an applicable 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 stay on the market.