Murfreesboro's Most Experienced Trusted Valued Appraisers
Why Choose Us?
Appraisals for Individuals
When buying a home, it’s important to have an appraisal of the property done. An appraisal protects your investment as a buyer, ensuring you don’t pay more than the home is worth, and will be able to secure a loan. Mortgage lenders will only lend up to the fair market value, so they require appraisals for their own assurance that the property is worth at least as much as they are lending.
Appraisals for Divorce Attorneys
During a divorce, you and your spouse will most likely divide your assets, which may include the family home. A judge may require a property appraisal as an accurate and professional valuation of the asset in order to divide the property. One spouse may want to buy the home out from the other and may try to undervalue the property, while the other may overstate it’s worth. An appraiser can help divert these arguments with a professional valuation of the property.
Appraisals for Estates and Estate Attorneys
Estate administration can seem like an endless process, especially to the family grieving a loved one. Part of the process of estate administration will include the appraisal of property owned by the deceased. As an individual, an appraisers valuation can minimize the time and emotional commitment you’ll need to invest, and as an estate attorney, a professional appraisal will provide you with an accurate, reliable valuation that you need to complete your estate administration process.
Appraisals for Lenders
As a lender, you want to ensure the value of the property you are investing in is actually worth what your client is trying to mortgage. Requiring a professional appraisal will ensure the property’s value and will protect you as the lender in case the borrower defaults on the loan and the property goes into foreclosure.
What is a Real Estate Appraisal?
A real estate appraisal is a valuation or assessment of a property by a licensed individual, the property appraiser. An appraisal determines the value of the property to ensure the price it is being listed for properly reflects the age, location, and property features.
A real estate appraisal can be used in many applications, including making purchase decisions, mortgage loan assurance purposes, establishing value for a lease, establishing insurance replacement costs, property tax disputes, and valuations for investment or inheritance purposes.
Along with a physical inspection of the property, an appraisal also includes research and analysis of zoning records, local demographics, and comparable sales in the area.