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Property Services - Otter Tail Appraisals do appraisals for diverse clients

Year after year, thousands of people in Minnesota buy, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Almost all lenders still call in a local expert because the stakes are so high, even though there are a growing number of automated home valuation systems that might appear more cost-effective than an appraisal. You might think that getting a mortgage is the only reason to acquire an appraisal, but there are other situations when the services of a licensed, independent real estate professional could come in handy.

For real estate appraisals in West Central Minnesota it's easiest when your order online from Property Services - Otter Tail Appraisals, just click here.

Let Property Services - Otter Tail Appraisals help you challenge your tax assessment in Otter Tail County

It's likely you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your house, so if prices have declined in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Property Services - Otter Tail Appraisals is your best evidence. At Property Services - Otter Tail Appraisals,we can assist you in disputing your tax assessment.

How can you eliminate PMI to lower your mortgage payment?

When the amount being loaned to the home buyer is more than 80% of the actual value of the home, most lenders ask homebuyers to take out an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. This is bad because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

Property Services - Otter Tail Appraisals can produce a statement regarding the value of your home, and the price you paid for the home valuation can usually be recovered in just a few months because you'll no longer be paying the PMI.

An appraisal from Property Services - Otter Tail Appraisals will help you settle a divorce with less stress

A divorce is often complicated by the burdensome decision of who gets the property, and it can be an especially heartbreaking event for both parties. So both parties are entirely aware of the true market value of their home, it's a good idea to get an appraisal from Property Services, regardless of the situation.

If the parties want to sell the home, they'll have a a good 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.

Settling an estate with peace of mind

Losing a loved one is a hard time in life, and settling an estate from a death, or probate, often entails 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 handle these affairs. And since a home or other property often makes up a disproportionate share of the total estate value, understanding the correct value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received a fair deal.

Property Services -Otter Tail Appraisals can assist you in relocating to or from West Central Minnesota

We know 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 relocating employees to provide input on the positive features of their property, as well as information regarding any new sales or listings in their area that they want considered.

Selling your home quickly at the right price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price.

We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, getting a professional appraisal is a reliable way to decide what improvements will add value and what an appropriate sales price is for your home so you don't come up short or have your house on the market for an extended amount of time.