Attention homeowners in Powell and Knox County: Get an Appraisal today!

See the top 7 reasons why TN homeowners use Thomas M. Shipley:

  1. Pre-listing appraisals (whether they're selling the home on their own or using an agent)
  2. Challenge Knox county's assessment of your property
  3. To lower their mortgage payments by removing PMI
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Review another appraiser's report for verification
  6. If property needs to be divided because of a divorce
  7. Settle an estate in TN by determining the true market value of property in question

Do you own a house in or near Powell? Do you need help determining the price of your real estate?
Contact Thomas M. Shipley.

We at Thomas M. Shipley understand the special needs of a consumer looking for appraisal services. While our typical business clients understand the appraisal process and standard reporting formats, you as a consumer will get an extra level of customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

Pre-listing Services/For Sale By Owner (FSBO)

It's very hard to be objective about your own house because you most likely have an emotional attachment to it. Professional appraisers, like the ones at Thomas M. Shipley, will be objective. We'll tell you what you need to know, not just what you want to hear. A professional appraisal is very valuable as a negotiating tool once you have an interested buyer, in addition to helping you set a realistic price to sell at so your house will attract many interested buyers. It's something concrete to show the buyer. It's an independent third party's opinion of your house's price, and not just you saying how much your house is worth. Potential buyers know you have an emotional attachment to your house and will be far more likely to give credibility to an accomplished appraiser's value conclusion than yours.

Appraisals to cancel PMI

A popular money saver for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan is less than 80% of the value of your home. In most cases you can apply to a lender to have the PMI canceled from your loan. At Thomas M. Shipley, we're experts in helping people just like you get rid of undesirable PMI insurance.

Challenge Tax Assessment

Your local tax assessor may have your home overvalued if you live in a region that is declining. This only means you are most likely paying higher taxes than you should be paying. The quicker 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. Getting an appraisal report from Thomas M. Shipley is your #1 weapon when contesting your property tax assessment.

Recently got a freeze your HELOC?

Your lender might just decide to automatically freeze your home equity line of credit (HELOC) if your home is close to a declining area -- even if your specific property has not declined in value. Not only can this be disadvantageous from a cash flow angle, but it can be damaging to your credit score since it may appear as though that credit line is maxed out. An efficient appraisal from Thomas M. Shipley can help you reinstate your HELOC.

Field and Desktop Appraisal Review Services

Do you need a professional to double-check your appraisal for accuracy, or do you need a second opinion without the cost and delay of waiting for a whole new appraisal? An appraiser from Thomas M. Shipley can go out and check the subject and comparables in question in a field review. Or, if you're in a hurry, we can provide you with a 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? Thomas M. Shipley can help you with that. Even though this is typically requested by banks, you may want to take advantage of this service if you suspect mortgage fraud related to your home.