Attention homeowners in Knoxville and Loudon County: Get an Appraisal today!
Here are the top seven reasons why TN homeowners hire Wood & Associates:
Own a house in or near Knoxville, TN and need help determining the price of it?
We at Wood & Associates understand the particular needs of a homeowner seeking appraisal services. The appraisal process and reporting formats are familiar to our business clients like lenders, attorneys, and CPAs. Being a regular person not in the real estate field that probably doesn't look at appraisals every day,you will receive extra guidance and explanations through the appraisal process to more clearly understand what we do and how we report the results of our analysis.
For Sale By Owner (FSBO)/Pre-Listing Services
Since you have an emotional attachment to your own house, it's often very hard to be objective about it. Professional appraisers, like the ones at Wood & Associates, are objective. We will tell you what you need to know, not just what you want to hear. A professional appraisal is a very important negotiating tool once you have an attainable buyer, in addition to helping you set a realistic selling price so your home will attract many interested buyers. It gives you something tangible to show the buyer. An appraisal is an independent third party's opinion of your property's price -- 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 expert appraiser's value report than yours.
Need to cancel PMI?
Getting the PMI (Private Mortgage Insurance) removed from your mortgage loan is an attractive money saver for homeowners. Your monthly payments will go down once your mortgage loan is down below 80% of the value of your house. In most cases you can apply to the lender to have the PMI eliminated from your loan. We're experts in helping clients just like you rid yourselves of undesirable PMI insurance.
Challenge Loudon county's assessment of your property
If you live in a region that is declining or is not appreciating as much as other homes close by, your local tax assessor may have your house overvalued. This only means you're most likely paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the sooner you take care of things like this, the better off you'll be. An appraisal from Wood & Associates is your number one weapon when challenging your property tax assessment.
HELOC recently frozen?
If your property is close to a declining area, your lender might choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be be unfavorable to your credit score since it may appear as though that credit line is maxed out, and also unsuitable from a cash flow viewpoint. Wood & Associates can help you reinstate your home equity line of credit with a professional appraisal.
Need Field and Desktop Appraisal Review Services?
Do you need a seasoned expert to double-check your appraisal for accuracy, or do you desire a second opinion without the expense and delay of waiting for a whole new appraisal? An appraiser from Wood & Associates can go out and check the subject and comps in a field review. If you need it immediately, we'll 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? Wood & Associates can help you with that. While usually requested by banks, you may desire to make use of this service if you suspect mortgage fraud related to your home.