Attention homeowners in Hohenwald and Lewis County: Need an appraisal?
Check out the top 7 reasons TN homeowners call on Floyd Appraisal Works:
Need help deciding the value of your house in or near Hohenwald, TN?
At Floyd Appraisal Works, we understand the special needs of a customer seeking appraisal services. Our business practices and reporting formats are relatively routine to our business clients like lenders, lawyers, and accountants. As our valued client, we'll be sure you get extra guidance and explanations through the appraisal process to more fully understand what we do and how we present our conclusions.
Pre-listing Services/For Sale By Owner (FSBO)
Since you have an emotional attachment to your own house, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic selling price so your house will attract many interested buyers, a professional appraisal is very valuable as a negotiating tool once you have an interested buyer. It's something tangible to show your buyer. It's an independent third party's opinion of your house's value, and not just how much you think your home is worth. Interested buyers know you have an emotional attachment to your house and will be much more likely to give credibility to a professional appraiser's value judgement than yours.
Appraisals to cancel PMI
Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is an attractive way to cut costs for homeowners. Once your mortgage loan amount is less than 80% of the value of your home, in most cases you can apply to the lender to have the PMI eliminated from your loan, which will make your monthly payments go down. Floyd Appraisal Works is seasoned in helping homeowners just like you rid yourselves of unneeded PMI insurance.
Challenging property tax assessments
Your local tax assessor may have your house overvalued if you live in a region that's declining. That means you're paying more taxes than you should. Since your property assessment may likely go up again in the next period, the earlier you take care of things like this, the better. A professional appraisal from Floyd Appraisal Works is your perfect weapon when challenging your property tax assessment.
Was your HELOC recently frozen?
If your house is in or near a declining area, your lender just may choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. Not only can this be inopportune from a cash flow point of view, but it can be destructive to your credit score since it may appear as though that credit line is maxed out. Floyd Appraisal Works can provide you with a professional appraisal that will help you reinstate your HELOC.
We Also Provide Field and Desktop Appraisal Review Services
Do you need a professional to double-check your appraisal for verity, or do you need a second opinion without the added cost and delay of waiting for a whole new appraisal? In a field review we will go out and check the subject and comps. Or, if you need it in a rush, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.
Do you need a retrospective review of an appraisal report? Floyd Appraisal Works can help with that too. Even though this is usually requested by banks, you may wish to employ this service if you suspect mortgage fraud related to your home.