Reasons to hire an appraiser

Thousands of people in Tennessee purchase, sell or refinance their home every month. Many of these transactions have a simple line item for an appraisal. Practically all lenders still want a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation methods that might appear to be more economical than an appraisal. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are other cases when the services of a certified, independent real estate professional could be beneficial.


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Let Ohanaka & Associates help you challenge your tax assessment in Davidson County

If you live in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Ohanaka & Associates is your best evidence when building your case. At Ohanaka & Associates,we can assist you in disputing your tax assessment.

How can you get rid of PMI to lower your mortgage payment?

Private Mortgage Insurance, or PMI, is an extra insurance policy that many lenders ask homeowners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the United States Congress passed 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, Ohanaka & Associates will provide you with a statement regarding the value of your home. The price you paid for the appraisal can often be recovered 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 Ohanaka & Associates

A divorce is a particularly heartbreaking experience for the parties involved, and it is often further complicated by the difficult decision of who maintains the property. Regardless of the circumstances, it's wise to order an appraisal from Ohanaka & Associates so both parties are entirely aware of the true market value of their house.

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

Settling an estate with peace of mind

The death of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Let Ohanaka & Associates help you with relocating to or from Davidson County

Moving due to a job change is a more than just an inconvenience, and we understand. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our detailed process.

Sell your home quickly at the right price with an appraisal from Ohanaka & Associates

A professional appraisal can help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to finish the appraisal report and not a percentage of the sales price.

We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to decide what improvements will add value and what a suitable sales price is for your home - so you don't come up short or have your house on the market an unnecessarily long time - because we're experts in knowing how long houses stay on the market.