Indianapolis Appraisal Associates, Inc. (317) 784-6582 in Indianapolis are hired for numerous purposes

To a lot of us, an appraisal is simply another cost on the break-sheet for a mortgage or refinance. And even though there are a growing number of automated home valuation systems that might seem more prudent than an appraisal, nearly all lenders still call for a local expert because the stakes are incredibly high. But is securing a mortgage the only reason to acquire an appraisal? Are there other cases when the services of a certified, independent real estate professional might be helpful? Absolutely.


	If you're planning on any transaction where the value of your real estate is a factor, just contact Indianapolis Appraisal Associates, Inc. (317) 784-6582. Just click here.

Dispute your tax assessment in Marion County

If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Indianapolis Appraisal Associates, Inc. (317) 784-6582 is your best evidence. We're qualified to assist you in challenging your tax assessment.

How can you do away with PMI to lower your mortgage payment?

When the amount being loaned to the homebuyer is more than 80% of the actual value of the home, nearly all lenders ask homebuyers to buy an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is bad because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress requiring lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.

Indianapolis Appraisal Associates, Inc. (317) 784-6582 will give you a statement regarding the value of your home, and the expense of the home valuation can generally be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Indianapolis Appraisal Associates, Inc. (317) 784-6582

A divorce is often complicated by the hard decision of who keeps the home, and it can be an especially heartbreaking ordeal for both parties. It's a good idea to order an appraisal from Indianapolis Appraisal Associates, Inc. (317) 784-6582 so both parties are entirely aware of the true market value of their house, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.

Fair and accurate estate liquidation with help from Indianapolis Appraisal Associates, Inc. (317) 784-6582Settling an estate

The loss 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. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received an honest deal.

Indianapolis Appraisal Associates, Inc. (317) 784-6582 can help you with relocating to or from Marion County

Employee relocation can be a real pain, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information about any new sales or listings in their area that they want considered during our thorough process.

Don't sell out short or let your home stay on the market too long.

A professional appraisal will help you make a more informed decision when determining your selling price, whether you decide 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, unlike real estate agents. Our fees are calculated on our efforts to finish the appraisal report and and aren't related to the sales price.

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 homes stay on the market. So, getting a professional appraisal is a trusted way to determine 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.