Let Tennessee Home Appraisals take care of your appraisal

To many, an appraisal is simply one more thing in the long list of items for a home sale or refinance. While there are a multiplying number of automated home valuation systems that might seem more cost-effective than an appraisal, most lenders still need a local expert because the stakes are very high. But is obtaining a mortgage the only reason to get an appraisal? Are there additional cases when the services of a certified, independent real estate professional could come in handy? Of course there are.

When you're planning on any transaction where the likely sales price of your property is in question, contact Tennessee Home Appraisals. Just click here

Challenge your tax assessment in Sullivan County

If you reside in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from Tennessee Home Appraisals is your best evidence when building your case. At Tennessee Home Appraisals,we can assist you in challenging your tax assessment.

Eliminating PMI will lower your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that almost all lenders ask home owners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate. Most often, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring 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, Tennessee Home Appraisals can provide you with a statement regarding the value of your home. The cost of the appraisal can often be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is an especially daunting event for the parties involved, and it is often further complicated by the challenging decision of who keeps the house. Regardless of the situation, it's prudent to get an appraisal from Tennessee Home Appraisals so both parties are completely aware of the true market value of their property.

If the parties wish to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Fair and accurate estate liquidation with help from Tennessee Home AppraisalsSettling an estate

The death 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 wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. 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 leave knowing they've gotten an honest deal.

Let Tennessee Home Appraisals assist you in relocating to or from Sullivan County

We are familiar with the headaches associated with an employee relocation. That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. During our detailed process, we suggest relocating employees to provide feedback on the positive features of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered.

Selling your home quickly at the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted way to determine what improvements will add value and what an appropriate 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 properties stay on the market.