Citizens Tri-County Bank in Dunlap do appraisals for numerous clients

Thousands of people in Tennessee purchase, sell or refinance their home every month. Many of these transactions contain a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are incredibly high, even though there are a growing number of automated home valuation systems that might seem more economical than an appraisal. You might assume that securing a mortgage is the only reason you should get an appraisal, but there are additional situations when the services of a licensed, independent real estate professional could be helpful.


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Appeal your tax assessment in Sequatchie County

If you live in an area where the value of property has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from Citizens Tri-County Bank is your best evidence. We're capable of assisting you in challenging your tax assessment.

Citizens Tri-County Bank can help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the homebuyer is more than 80% of the actual value of the real estate, nearly all lenders ask buyers to buy an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that additional payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, Citizens Tri-County Bank will provide you with a statement regarding the value of your home. The cost of the home valuation can often be offset in little time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Citizens Tri-County Bank

A divorce is an especially traumatic event for the parties involved, and it is often more complicated by the difficult decision of who keeps the property. Regardless of the situation, it's wise to get an appraisal from Citizens Tri-County Bank so both parties are completely aware of the true market value of their home.

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

Fair and accurate estate liquidation with Citizens Tri-County BankSettling an estate

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the residential property involved. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Let Citizens Tri-County Bank assist you in relocating to or from Sequatchie County

Employee relocation is a real pain, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. During our intensive process, we suggest employees that are moving to provide input on the positive attributes of their property, as well as information about any new sales or listings in their area that they want considered.

Let Citizens Tri-County Bank assist you in selling your home quickly at the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are based on our efforts to perform the appraisal report and not a percentage of the sales price.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homes stay on the market. So, getting a professional appraisal is a reliable way to decide 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 too long, costing you hassle and money.