Advanced Appraisal Services in Franklin are hired for diverse clients

Thousands of people in Tennessee purchase, sell or refinance their home every month. A lot of these transactions include a simple line item for an appraisal. And while there are a multiplying number of automated home valuation methods that may seem more practical than an appraisal, most lenders still call in a local expert because the stakes are incredibly high. You might think that securing a mortgage is the only basis for getting an appraisal, but there are more situations when the services of a licensed, independent real estate professional might be beneficial.


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Dispute your tax assessment in

It's likely you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are determined by a previous assessment of your real estate, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from Advanced Appraisal Services is your best evidence. At Advanced Appraisal Services, we're equipped to assist you in disputing your tax assessment.

Let Advanced Appraisal Services help you get rid of PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an additional insurance plan that nearly all lenders ask buyers to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the property. More often than not, this added payment is bundled into the monthly mortgage payment and is quickly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfortunate. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Advanced Appraisal Services will provide you with a statement regarding the value of your home. The cost of the appraisal can often be regained in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Advanced Appraisal Services

A divorce is a particularly traumatic ordeal for the parties involved, and it is often more complicated by the troublesome decision of who gets the property. It's a good idea to order an appraisal from Advanced Appraisal Services so both parties are completely aware of the true market value of their house, regardless of the situation.

If the parties wish to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation with help from Advanced Appraisal ServicesSettling an estate

Losing 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 Market Value for the real estate involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. And since a home or other property often makes up an uneven share of the total estate value, understanding the certain value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've received a fair deal.

Relocating to or from

We are familiar with the stress involved with an employee relocation. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive attributes of their property, along with information regarding any recent sales or listings in their area that they want considered during our detailed process.

Don't sell out short or let your home stay on the market too long.

Whether you want to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees depend on our efforts to perform the appraisal report and not a percentage of the sales price.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties stay on the market. So, seeking a professional appraisal is a reliable way to determine what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market for an extended amount of time.