profile picture

English French Spanish

Need an appraisal in West Central Minnesota?

Here are the top seven reasons why Minnesota homeowners hire Property Services - Otter Tail Appraisals:

  1. Pre-listing appraisals (whether they're selling the home on their own or using an agent)
  2. Challenge property tax assessments
  3. To lower your mortgage payments by removing PMI
  4. Reinstate your Home Equity Line of Credit (HELOC)
  5. Review another appraiser's report for verification
  6. If property needs to be divided because of a divorce
  7. Determine the true market value of the real estate in question to settle an estate in West Central Minnesota
Do you own a house in West Central Minnesota? Do you need help determining the value of your real estate? Contact Property Services.

We at Property Services - Otter Tail Appraisals understand the unique needs of a consumer looking for appraisal services. While our usual business clients understand the appraisal process and standard reporting formats, you as a consumer will get an extra level of customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

Pre-listing Services/For Sale by Owner (FSBO)

It's very hard to be objective about your house because you most likely have an emotional attachment to it. Professional appraisers, like the ones at Property Services - Otter Tail Appraisals, are objective. We 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 property will attract buyers, a professional appraisal is a very important negotiating tool once you have a potential buyer. It gives you something concrete to show your buyer. It's an independent third party's opinion of your property's value, and not just how much you think your house is worth. Potential buyers know you have an emotional attachment to your home and will be far more likely to give credibility to an expert appraiser's value estimation than yours.

Challenge Tax Assessment

Your local tax assessor may have your home overvalued if you live in a region that's going down or is not appreciating as much as other properties nearby. That only means you are probably paying more taxes than you should. The faster 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. When challenging your property tax assessment, getting an expert appraisal from Property Services - Otter Tail Appraisals is your chief weapon.

Appraisals to cancel PMI

A preferred way to cut expenses for homeowners is getting the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan amount is less than 80% of the value of your home. In most cases you can apply to your lender to have the PMI canceled from your loan. We're veterans in helping consumers just like you rid themselves of unneeded PMI insurance.

Recently got a freeze to your HELOC?

Even if your specific property has not declined in value, your lender may just decide to automatically freeze your home equity line of credit (HELOC) if your house is in or near a declining area. This can be difficult and inconvenient from a cash flow viewpoint, and detrimental to your credit score since it may appear as though that credit line is maxed out. Property Services can provide you with a professional appraisal to help you reinstate your home equity line of credit.

Field and Desktop Appraisal Review Services

Would you like a second opinion without the added expense and delay of waiting for a whole new appraisal? Or do you desire a veteran appraiser to double-check your appraisal for preciseness? In a field review we'll go out and check the subject and comparables. Or, if you need it ASAP, 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.

Do you need a retrospective review of an appraisal report? We can assist you. Even though most review work is commissioned by lenders, homeowners that have reason to believe they've been the victim of mortgage fraud are wise to get a second opinion.