Attention homeowners: Real estate appraisal services for in Blue Earth and Faribault County

The top 7 reasons why MN homeowners call on Southern Minnesota Appraisal Services:

  1. Find the right listing price (whether they're selling the home themselves or using a real estate agent)
  2. Challenge a property tax assessment
  3. To cut their mortgage payments by removing PMI
  4. To reinstate your Home Equity Line of Credit (HELOC)
  5. To review a different appraiser's report for verification
  6. In the case of a MN divorce, when property needs to be divided
  7. To settle an estate in MN by determining the true market value of property in question

Need help determining the value of your house in or near Blue Earth, MN?
Contact Southern Minnesota Appraisal Services.

We at Southern Minnesota Appraisal Services understand the particular needs of a consumer in need of appraisal services. The appraisal process and reporting formats are relatively routine to our business clients like banks, lawyers, and CPAs. But as a general consumer,we will provide you with extra guidance and explanations through the appraisal process to more fully understand what we do and how we present the results of our analysis.

Pre-listing Services/For Sale By Owner

Since you have an emotional attachment to your own house, it's often very hard to be objective about 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 price to sell at so your house will attract many interested buyers, a professional appraisal is very valuable as a negotiating tool once you have an attainable buyer. It gives you something tangible to show the buyer. It's an independent third party's opinion of your house's value, and not just how much your home is worth. Potential buyers assume that you have an emotional attachment to your house and will be more likely to give credibility to an experienced appraiser's value estimation than yours.

Need to remove PMI?

Getting the PMI (Private Mortgage Insurance) removed from your mortgage loan is a preferred way to cut costs for homeowners. Your monthly payments will go down once your mortgage loan is down below 80% of the value of your property. In most cases you can apply to the lender to have the PMI removed from your loan. We're qualified in helping folks just like you rid yourselves of undesirable PMI insurance.

Challenge property tax assessments

If you live in an area that is declining or not appreciating as much as other homes close to yours, your local tax assessor may have your home overvalued. That means you're going to pay more taxes than you should. Since your property assessment may likely go up again in the next period, the sooner you take care of things like this, the better off you'll be. When contesting your property tax assessment, getting a professional appraisal from Southern Minnesota Appraisal Services is your best weapon.

Recently got a freeze your HELOC?

If your property is in a declining area, your lender may decide to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can this be annoying from a cash flow standpoint, and harmful to your credit score since it may appear as though that credit line is maxed out. Southern Minnesota Appraisal Services can help you reinstate your home equity line of credit with a professional appraisal.

We Also Provide Field and Desktop Appraisal Review Services

Have you just gotten a copy of your appraisal and you would prefer to have a professional double-check it for precision or do you desire a second opinion without the cost and delay of waiting for a whole new appraisal? Southern Minnesota Appraisal Services offers field reviews where we go out and check the subject and comps in question. Or, if you're in a rush, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.

Do you need a retrospective review of an appraisal report? Southern Minnesota Appraisal Services can help you with that. Even though this is typically requested by banks, you may want to take advantage of this service if you suspect mortgage fraud related to your property.