Reasons someone would need Davis Appraisal Service

Thousands of people in Tennessee purchase, sell or refinance their home every month. Many of these transactions include a simple line item for an appraisal. And while there are a budding number of automated home valuation systems that might seem more practical than an appraisal, the majority of lenders still call in a local expert because the stakes are so high. But is obtaining a mortgage the only reason you should get an appraisal? Are there other situations when the services of a licensed, independent real estate professional could come in handy? Of course.


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Dispute your tax assessment in Roane County

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Davis Appraisal Service is your best evidence when building your case. We're capable of assisting you in disputing your tax assessment.

Let Davis Appraisal Service assist you in lowering your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the home, almost all lenders ask home buyers to purchase an added insurance policy. That policy is Private Mortgage Insurance, or PMI. More often than not, this extra payment is lumped into the monthly mortgage payment and is soon forgotten. This is bad because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to remove the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Davis Appraisal Service can give you a statement regarding the value of your home. The price you paid for the home valuation can often be regained in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the troublesome decision of who maintains the home, and it can be an especially traumatic occurrence for both parties. It's a good idea to get an appraisal from Davis Appraisal Service so both parties are completely aware of the true market value of their property, regardless of the situation.

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 received a fair assessment.

Fair and accurate estate liquidation with help from Davis Appraisal ServiceSettling an estate

Losing a loved one is a hard 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 utmost 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 manage these issues, unlike wealthier individuals. And seeing that 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 vital importance to ensuring disputing parties walk away knowing they've received an honest deal.

Relocating to or from Roane County

Moving due to a job change can be a more than just an inconvenience. We know where you're coming from! That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we suggest employees that are moving to provide input on the positive attributes of their property, as well as information regarding any new sales or listings in their area that they want considered.

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

A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or use the assistance of a real estate agent. With much different interests than a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to finish the appraisal report and not a percentage of the sales price.

We analyze the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, getting a professional appraisal is a reliable 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 too long, costing you hassle and money.