Reasons to get an Appraisal

 

To a lot of people, an appraisal is simply another fee on the settlement sheet for a home sale or refinance. Practically all lenders still call in a local expert because the stakes are so high, even though there are a developing number of automated home valuation processes that may appear more economical than an appraisal. You might assume that securing a mortgage is the only basis for getting an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be beneficial.

 

Deciding if you need an appraisal. Contact us today.

 

Top reasons Mississippi and Tennessee homeowners hire United Appraisal, LLC

  • Get a pre-listing appraisal (whether they're selling the home themselves or using an agent)
  • To challenge a TN property tax assessment
  • Reinstate your Home Equity Line of Credit (or HELOC)
  • Verify a different appraiser's report
  • Settling an estate
  • Verify current market rent
  • Investing
  • Relocation
  • Refinance
  • Home Loan for updates

Pre-listing Services/For Sale By Owner

Since you have an emotional attachment to your own house, it's often very hard to be objective about it. The professional appraisers at UNITED APPRAISAL, LLC will tell you what you need to know -- not just what you want to hear. We are objective. In addition to helping you set a realistic price to sell so your home will attract buyers, a professional appraisal is a crucial negotiating tool once you have a potential buyer. It's something concrete to show your buyer. It's an independent third party's opinion of your property's value, and not just how much you think your house is worth. Potential buyers assume that you have an emotional attachment to your home and will be much more likely to give credibility to a seasoned appraiser's value estimation than yours.

Ascertain an accurate and fair valuation for estate liquidation

The death of 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 real estate involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

 

Challenge a property tax assessment

Lets say you live in a region that's going down -- your local tax assessor may have your house overvalued. That only means you're going to pay more taxes than you should. The sooner you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. When contesting your property tax assessment, getting a professional appraisal from UNITED APPRAISAL, LLC is your strongest weapon.

We Also Offer Field and Desktop Appraisal Review Services

Have you just been given a copy of your appraisal, and you'd wish to have a seasoned appraiser double-check it for precision, or do you need a second opinion without the added cost and delay of waiting for a whole new appraisal? We can go out and check the subject and comparables in a field review. If you're in a hurry, we'll provide desk review and verify as many facts as we can using online data sources as well as our own files.

Relocation Appraisal
Time is money. This is never more true than when you or your company need an appraisal of your "old" home when you're relocating to a new area for work. When you put your "old" home on the market and take advantage of your employer's relocation assistance, you're interested not in the "fair market value" of the home, but its anticipated sales price, typically as soon as possible -- usually not to exceed 120-180 days. But the need for speed doesn't mean the relocation appraisal is a simpler matter than your average lending/mortgage appraisal; quite to the contrary. It entails special expertise, training, and skills from the Appraiser or appraisal firm you select.

When we perform a relocation appraisal, we consider recent closed sales but also competing listings in the area as well as pending sales. We offer a forecast of the likely sales price you can rely on, considering the neighborhood dynamics at the time of the relocation. All relocation appraisals are reported on the standard ERC Residential Appraisal Report form, the industry's accepted relocation appraisal format.


Investing in residential property

When you're considering investing in rehabilitated residential property, you're making a smart choice. Real estate values have been climbing at the same time demand for homes has been increasing — an impressive combination.

Often, people and companies that sell rehabilitated real estate buy a dilapidated property, put a lot of money and sweat equity into it to make it attractive to a buyer, and then reap the reward when the property is sold for a lot more than the original buyer paid for it. There's nothing wrong with this; on the contrary, it makes more housing available at a time when it's in demand. And as noted, it's often a good investment choice for the eventual buyer.

If you're buying more than one property at a time from the same buyer, it's even more important to have them appraised by a professional. There are cost-effective ways to protect yourself in an investment into many properties.  When combined with the expertise of a licensed home inspector, you should be able to buy with confidence that everything is represented by the seller.

It's smart to always have an inspection done before closing on a property. It's equally important, though, to obtain an opinion of value from an Appraiser. An inspector will tell you if everything that is present in the structure is functioning properly, what repairs may still need to be done, and whether there are any safety or soundness issues with the property. 

As an investor, you need and deserve to know. Protect your interests with the help of a professional Appraiser.