Attention homeowners: Real estate appraisal services for in Perham and Otter Tail County
The top reasons Minnesota homeowners call on Northland Appraisal Service:
At Northland Appraisal Service, we understand the unique needs of a consumer after appraisal services. Our business practices and reporting formats are relatively routine to our business clients like banks, attorneys, and CPAs. Being a homeowner that ordinarily doesn't look at appraisals on a regular basis, we'll be sure you get extra guidance and explanations through the appraisal process to understand what we do and how we report our conclusions.
Pre-listing Services/For Sale by OwnerIt'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 selling price so your house will attract interested buyers, a professional appraisal is very important as a negotiating tool once you have an interested buyer. It's something concrete to show your buyer. An appraisal is an independent third party's opinion of your home's value -- not just you saying how much you think your house is worth. Potential buyers know you have an emotional attachment to your house and will be much more likely to give credibility to a seasoned appraiser's value estimation than yours.
Challenge property tax assessmentsLet's say your home is not appreciating as much as other homes nearby -- your local tax assessor may have your home overvalued. That means you are most likely paying more taxes than you should. The earlier 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 appraisal from Northland Appraisal Service is your number one weapon when challenging your property tax assessment.
Appraisals to cancel PMIPMI stands for Private Mortgage Insurance. A fashionable way to save money for homeowners is getting the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan amount is below 80% of the value of your property. In most cases you can apply to a lender to have the PMI removed from your loan. At Northland Appraisal Service, we're experts in helping clients just like you rid themselves of unwanted and unneeded PMI insurance.
Recently got a freeze to your HELOC?Even if your specific property has not declined in value, your lender might just choose to automatically freeze your home equity line of credit (HELOC) if your home is near a declining area. This can be bad for your credit score since it may appear as though that credit line is maxed out, and also annoying from a cash flow point of view. An efficient appraisal from Northland Appraisal Service can help you reinstate your HELOC.
Need Field and Desktop Appraisal Review Services?Have you just been handed a copy of your appraisal and you would prefer to have a seasoned professional double-check it for efficiency or do you desire a second opinion without the added cost and delay of waiting for a whole new appraisal? In a field review we'll go out and check the subject and comparables in question. Or, if you need it in a rush, 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.
We can also provide a retrospective review of any appraisal report you may have in your possession. Even though most appraisal reviews are commissioned by lenders, homeowners suspecting a prior appraisal wasn't above board are wise to get a second opinion.