Why you should order an appraisal

To many, an appraisal just looks like a line item in the long list of items for a mortgage or refinance. The majority of lenders still need a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that might appear more prudent than an appraisal. But is getting a mortgage the only reason to acquire an appraisal? Are there additional situations when the services of a certified, independent real estate professional might be helpful? Of course there are.


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Challenge your tax assessment in Cass County

It's possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your real estate, so if prices have gone down in your area, you can appeal your assessment and save money. An appraisal from Reliable Appraisals of Central Minnesota, LLC is your best evidence when building your case. At Reliable Appraisals of Central Minnesota, LLC,we can assist you in challenging your tax assessment.

Reliable Appraisals of Central Minnesota, LLC can help you do away with PMI to lower your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the property, many lenders ask buyers to purchase an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. This is bad because PMI is unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to do away with the PMI installments on most mortgages when the balance is paid down to 78% of the original value.

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

An appraisal from Reliable Appraisals of Central Minnesota, LLC will help you settle a divorce with less stress

A divorce is often complicated by the hard decision of who maintains the house, and it can be a particularly traumatic ordeal for both parties. It's a good idea to get an appraisal from Reliable Appraisals of Central Minnesota, LLC so both parties are fully aware of the true market value of their house, regardless of the circumstances.

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.

Settling an estate with peace of mind

The loss 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 real estate involved. We guarantee the utmost degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these affairs. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Cass County?

We are familiar with the stress involved with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed process, we encourage employees that are moving to provide remarks on the positive attributes of their property, along with information about any new sales or listings in their neighborhood that they want considered.

Let Reliable Appraisals of Central Minnesota, LLC help you sell your home quickly at the right price

A professional appraisal will help you make a better educated decision regarding your asking price, whether you choose 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 amount the house sells for. Our fees aren't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal.

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