profile picture

Why get an appraisal from All About Appraisals?

Every year, thousands of people in Tennessee buy, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. While there are a budding number of automated home valuation processes that may seem less expensive than an appraisal, most lenders still want a local expert because the stakes are very high. But is securing a mortgage the only reason to acquire an appraisal? Are there more instances when the services of a certified, independent real estate professional could come in handy? You bet there are.

When you're planning on any transaction where the likely sales price of your real estate is in question, just contact All About Appraisals. Just click here

Appeal your tax assessment in Knox 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 All About Appraisals is your best evidence. We're qualified to assist you in appealing your tax assessment.

All About Appraisals can help you get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask buyers to buy when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This added payment is often lumped into the monthly mortgage payment and is promptly forgotten. PMI isn't required when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

All About Appraisals will give you a statement regarding the value of your home, and the price you paid for 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 can be an especially traumatic ordeal for both parties, and it is often even more complicated by the burdensome decision of who keeps the property. It's a good idea to get an appraisal from All About Appraisals so both parties are entirely aware of the true market value of their house, regardless of the situation.

The parties will have a good idea of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Fair and accurate estate liquidation with help from All About Appraisals Settling an estate

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. We guarantee the maximum 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 manage these matters. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

All About Appraisals can assist you in relocating to or from Knox County

We understand the stress involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our thorough process.

Selling your home quickly at the right price with an appraisal from All About Appraisals

Whether you decide 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. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they depend on our efforts to complete the appraisal.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties stay on the market. So, seeking 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.