Need an appraisal in Chattanooga or Hamilton County?

Here are the top reasons TN homeowners order from Colony Appraisal:

  1. To get a pre-listing appraisal (whether they're selling the home themselves or using a real estate agent)
  2. Challenge a property tax assessment
  3. Remove PMI to lower your mortgage payments
  4. To reinstate their Home Equity Line of Credit (or HELOC)
  5. To review another appraiser's report for verification
  6. In the case of a TN divorce, when property needs to be divided
  7. To settle an estate in TN by determining the true market value of real estate in question

Own a house in or near Chattanooga, TN and need help determining the value of it?
Contact Colony Appraisal.

At Colony Appraisal, we understand the unique needs of a consumer in need of appraisal services. Our typical business clients are used to the appraisal process and the usual documents we provide. As our non-traditionalclient, you can expect extra guidance and explanations through the appraisal process to more clearly understand what we do and how we present our findings.

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

It's very hard to be objective about your own house because you probably have an 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 buyers, a professional appraisal is very important as a negotiating tool once you have a likely buyer. The appraisal is something tangible to show the buyer. It's an independent third party's opinion of your house's value, and not just you saying how much your home is worth. Interested buyers assume that you have an emotional attachment to your house and will be more likely to give credibility to a professional appraiser's value conclusion than yours.

PMI Removal Appraisals

A preferred 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 amount is below 80% of the value of your home. In most cases you can apply to the lender to have the PMI eliminated from your loan. We're experienced in helping consumers just like you do away with undesirable PMI insurance.

Challenge property tax assessments

Lets say you live in a local area that is going down -- your local tax assessor may have your house overvalued. This only means you are paying higher taxes than you should be paying. The sooner you take care of things like this, the better off you'll be, since your property assessment may likely go up again in the next period. An expert appraisal from Colony Appraisal is your number one weapon when contesting your property tax assessment.

Was your HELOC recently frozen?

If your home is in or near a declining area, your lender may just decide to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. Not only can this be disadvantageous from a cash flow standpoint, but it can be bad for your credit score since it may appear as though that credit line is maxed out. Colony Appraisal can provide you with efficient appraisal to help you reinstate your HELOC.

Do You Need Field and Desktop Appraisal Review Services?

Do you need a professional to double-check your appraisal for verity, or do you desire a second opinion without the cost and delay of waiting for a whole new appraisal? We can go out and check the subject and comparables in question in a field review. If you need it in a rush, 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? Colony Appraisal can help with that too. Even though this is usually requested by banks, you may desire to employ this service if you suspect mortgage fraud related to your house.