Reasons to get an appraisal from Reliable Appraisals of Central Minnesota, LLC

Year after year, thousands of people in Minnesota purchase, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. While there are a developing number of automated home valuation methods that might seem more practical than an appraisal, most lenders still call in a local expert because the stakes are very high. But is securing a mortgage the only reason you should get an appraisal? Are there more situations when the services of a licensed, independent real estate professional might come in handy? Of course there are.


	Contact Reliable Appraisals of Central Minnesota, LLC if you're planning on any transaction where the value of your property is a factor. Just click here

Dispute your tax assessment in Cass County

If you reside 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 Reliable Appraisals of Central Minnesota, LLC is your best evidence. We're capable of assisting you in disputing your tax assessment.

Removing PMI will lower your mortgage payment

When the amount being loaned to the home buyer is more than 80% of the actual value of the property, almost all lenders ask homeowners to take out an extra insurance policy. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is soon forgotten. This is bad because PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.

Reliable Appraisals of Central Minnesota, LLC can give you a statement regarding the value of your home, and the cost of the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Reliable Appraisals of Central Minnesota, LLC

A divorce is a particularly heartbreaking experience for the parties involved, and it is often further complicated by the challenging decision of who keeps the house. So both parties are fully aware of the true market value of their house, it's a good idea to get an appraisal from Reliable Appraisals of Central Minnesota, LLC, regardless of the situation.

If the parties wish to sell the home, they'll have a better idea 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

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Market Value for the real estate 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).

Unlike wealthier individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And seeing that a home or other property often makes up an uneven share of the total estate value, knowing the precise value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

Reliable Appraisals of Central Minnesota, LLC can assist you in relocating to or from Cass County

We are familiar with the headaches involved with an employee relocation. That being said, we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, along with information regarding any new sales or listings in their area that they want considered during our thorough process.

Sell your home quickly at the right price with an appraisal from Reliable Appraisals of Central Minnesota, LLC

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. The price we charge isn't related to the sales price, but rather they are based on our efforts to complete the appraisal.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses 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 an unnecessarily long time.