Business Details
42 Years
experience
Trusted Real Estate Appraisals in Denton, TX
TM Appraisal Associates has been a trusted provider of real estate appraisal services in Denton County since 1984. Our team of licensed professionals brings decades of combined experience in residential, commercial, and land appraisals, serving clients ranging from individual homeowners to major lending institutions. We specialize in delivering accurate, defensible valuations that meet the rigorous standards required for mortgages, PMI removal, estate settlements, and property tax protests. Our commitment to excellence is reflected in our deep understanding of local market dynamics and adherence to the Uniform Standards of Professional Appraisal Practice (USPAP).With expertise spanning diverse property typesincluding multi-family units, industrial facilities, and equestrian centerswe provide tailored solutions that address complex valuation challenges. Our team's extensive background in property tax consulting and dispute resolution further underscores our ability to deliver actionable insights. We prioritize transparency, client education, and timely service, ensuring clients receive reliable data to support informed real estate decisions.
Services
Residential Appraisals
Commercial Appraisals
Land Appraisals
Estate Appraisals
PMI Removal Appraisals
Tax Protest Services
Relocation Appraisals
Home Improvement Valuations
Property Tax Consulting
Foreclosure Appraisals
Details
- Year established: 1984
Highlights and features
- We offer 40+ years of combined experience in residential and commercial appraisals.
- Our team holds state licenses and adheres to USPAP appraisal standards.
- We specialize in complex property types including land, industrial, and multi-family units.
- Our appraisals meet lender requirements for mortgages and PMI removal.
- We provide retroactive valuations for estate and tax dispute purposes.
Services
Residential Appraisals
Our residential appraisals provide precise valuations for single-family homes, condos, and multi-family properties. We analyze recent sales data, property condition, and neighborhood trends to deliver defensible opinions of value for mortgages, refinancing, and estate planning. Our reports meet lender requirements and adhere to USPAP standards.
Commercial Appraisals
We assess commercial properties including office buildings, retail spaces, and industrial facilities. Our appraisers evaluate income potential, market demand, and property-specific factors to determine accurate values for financing, tax appeals, or investment analysis. Clients benefit from our expertise in complex commercial valuation methods.
Land Appraisals
Our land appraisals cover vacant lots, agricultural properties, and equestrian estates. We consider zoning regulations, development potential, and comparable sales to establish fair market value. This service supports property tax disputes, purchase decisions, and estate settlements across North Texas and surrounding states.
Estate Appraisals
We provide retroactive appraisals for estate settlements, determining property value as of the date of death. Our reports meet IRS and court requirements, ensuring accurate asset distribution during probate. Confidentiality and precision are prioritized to support executors and legal professionals.
PMI Removal Appraisals
Our PMI removal appraisals help homeowners eliminate costly insurance premiums by verifying equity thresholds. We document current property values through market analysis, enabling lenders to release PMI requirements when loan-to-value ratios reach 80%. This service accelerates financial savings for qualified borrowers.
People
Tommy Marshall
Founder and Owner
With over 40 years of experience, Tommy Marshall established TM Appraisal Associates in 1984. He specializes in residential and commercial appraisals and has served as a licensed property tax consultant since 2009, assisting clients with tax protests.
Tracy Runnels
Managing Partner
Tracy Runnels has led appraisal operations at TM Appraisal Associates since 2005. As a Texas Certified General Appraiser with 19 years of experience, she specializes in land, religious facilities, and industrial properties across North Texas and Oklahoma.
Jerry Torres
Associate Partner
Jerry Torres brings 20+ years of appraisal and banking expertise to TM Appraisal Associates. His focus on land appraisals includes horse ranches and equestrian centers, serving clients throughout North Central Texas.
Robert Fortney
Senior Appraiser
Robert Fortney has specialized in residential appraisals since 2000. With 23 years of experience covering Texas markets, he evaluates 1-4 family homes, manufactured housing, and residential land for appraisal and tax protest purposes.
Corey Johnston
Associate Appraiser
Corey Johnston provides appraisal services for multi-family, retail, and industrial properties across four states. With 20+ years of experience in Texas, Oklahoma, Louisiana, and New Mexico, he supports clients with complex commercial valuations.
Questions
What is a real estate appraisal?
A real estate appraisal is an unbiased estimate of a property's market value, conducted by a licensed professional to support mortgage lending, tax appeals, or estate settlements.
Why do I need an appraisal for a mortgage?
Lenders require appraisals to ensure the property value aligns with the loan amount, protecting both parties from overpayment or insufficient collateral.
How can I remove PMI from my mortgage?
Order a PMI removal appraisal to prove your home's value meets the 80% loan-to-value threshold, allowing lenders to cancel insurance premiums.
Do you appraise land and commercial properties?
Yes, we specialize in land, residential, and commercial appraisals, including industrial facilities, multi-family units, and retail spaces.
Can you provide retroactive appraisals for estates?
We offer retroactive valuations for estate settlements, determining property value as of the date of death to meet IRS and probate requirements.
What documents should I prepare for an appraisal?
Provide property surveys, recent tax bills, home improvement records, and any existing inspection reports to facilitate the appraisal process.
