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Reasons someone would need HORNE AND ASSOCIATES, LLC

Year after year, thousands of people in Ohio buy, sell or refinance their home. Many of these transactions contain a simple line item for an appraisal. Most lenders still call in a local expert because the stakes are very high, even though there are a growing number of automated home valuation systems that may appear cheaper than an appraisal. But is getting a mortgage the only reason to acquire an appraisal? Are there more instances when the services of a licensed, independent real estate professional might be beneficial? Of course there are.

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Let HORNE AND ASSOCIATES, LLC help you appeal your tax assessment in Delaware County

It's likely you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can challenge your assessment and save money. An appraisal from HORNE AND ASSOCIATES, LLC is your best evidence when building your case. At HORNE AND ASSOCIATES, LLC, we're equipped to assist you in appealing your tax assessment.

PMI removal will lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the home, almost all lenders ask buyers to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level. 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 installments when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, HORNE AND ASSOCIATES, LLC can produce a statement regarding the value of your home. The price you paid for the home valuation can usually be recovered in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the strenuous decision of who maintains the house, and it can be a particularly traumatic event for both parties. It's a good idea to order an appraisal from HORNE AND ASSOCIATES, LLC 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 clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Settling an estate with peace of mind

Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the residential property 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).

Most Americans do not have dedicated estate planners or executors to handle these affairs, unlike wealthier individuals. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocating to or from Delaware County

Moving due to a job change is a more than just an inconvenience, and we understand. We take great care in establishing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our thorough process.

Selling your home quickly at the right price

A professional appraisal can help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what price the house sells for, unlike real estate agents. Our fees aren't contingent upon the value we report, but rather they are calculated on our efforts to finish the appraisal.

On a daily basis, we analyze the difference in value things like an extra bathroom or a kitchen remodel can make. And we're experts in knowing how long houses stay on the market. So, obtaining a professional appraisal is a reliable way to decide 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 for an extended amount of time.