Appraisal services for Cordova and Shelby County homeowners
The top reasons TN homeowners call on Billings Real Estate Appraisal:
Own a home in or near Cordova, TN and need help deciding the value of it?
At Billings Real Estate Appraisal, we understand the individual needs of a consumer seeking appraisal services. While our typical business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.
For Sale By Owner (FSBO)/Pre-Listing Services
It's very hard to be objective about your own house because of your emotional attachment to 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 price to sell at 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 concrete to show the buyer. It's an independent third party's opinion of your home's value, and not just you saying how much you think your house is worth. Interested buyers assume you have an emotional attachment to your home and will be much more likely to give credibility to an experienced appraiser's value conclusion than yours.
Appraisals to remove PMI
A popular way to cut costs for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan is less than 80% of the value of your house, in most cases you can apply to your lender to have the PMI removed from your loan, which will make your monthly payments go down. Billings Real Estate Appraisal is seasoned in helping clients just like you delete unneeded PMI insurance.
Challenge property tax assessments
Your local tax assessor may have your house overvalued if you live in a region that's going down. That means you are 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 a matter like this, the better off you'll be. An appraisal report from Billings Real Estate Appraisal is your strongest weapon when contesting your property tax assessment.
Recently got a freeze your HELOC?
Even if your specific property has not declined in value, your lender might choose to automatically freeze your home equity line of credit (HELOC) if your home is in or near a declining area. This can be be bad for your credit score since it may appear as though that credit line is maxed out, and also inopportune from a cash flow angle. Billings Real Estate Appraisal can help you reinstate your HELOC.
We Provide Field and Desktop Appraisal Review Services
Do you need a seasoned expert to double-check your appraisal for precision, or do you desire 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 need it immediately, we'll provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.
Need a retrospective review of an appraisal? We can We can assist you While usually requested by banks, you may wish to exploit this service if you suspect mortgage fraud related to your home.