There are lots of reasons consumers call on Appraisals by HarrisThousands of people in Indiana buy, sell or refinance their home every year. Most of these transactions consist of a simple line item for an appraisal. And even though there are an increasing number of automated home valuation processes that may seem cheaper than an appraisal, practically all lenders still want a local expert because the stakes are so high. But is obtaining a mortgage the only reason you should get an appraisal? Are there more instances when the services of a certified, independent real estate professional might be helpful? You bet there are.
Let Appraisals by Harris help you appeal your tax assessment in Clinton CountyIt's possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are determined by a past assessment of your real estate, so if values have declined in your area, you can appeal your assessment and save money. An appraisal from Appraisals by Harris is your best evidence when building your case. We're equipped to assist you in challenging your tax assessment.
PMI removal to lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the real estate, most lenders ask homebuyers to take out an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to do away with PMI, Appraisals by Harris will provide you with a statement regarding the value of your home. The expense of the home valuation can generally be recovered in just a few months because you'll no longer be paying the PMI.
An appraisal from Appraisals by Harris will help you settle a divorce with less stressA divorce is an especially daunting experience for the parties involved, and it is often further complicated by the troublesome decision of who keeps the home. It's a good idea to order an appraisal from Appraisals by Harris so both parties are completely aware of the true market value of their property, regardless of the circumstances.
If the parties wish 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 evaluation.
Trustworthy estate liquidationThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to manage these affairs. A home or other property often makes up an unequal 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 a fair deal.
Relocating to or from Clinton CountyWe are familiar with the stress associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive attributes of their property, as well as information regarding any recent sales or listings in their neighborhood that they want considered during our thorough process.
Don't sell out for too little or keep your home on the market too long.A professional appraisal can help you make a better educated decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. The price we charge isn't related to the sales price, but rather they depend on our efforts to complete the appraisal.
On a daily basis, we analyze the difference in value things like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long houses stay on the market. So, getting a professional appraisal is a trusted 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 too long, costing you time and money.