Why would you need an appraisal from Reliatel Appraisal?

To a lot of people, an appraisal is simply another fee on the settlement sheet for a home purchase or refinance. And even though there are a budding number of automated home valuation systems that may appear more prudent than an appraisal, the majority of lenders still call for a local expert because the stakes are very high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are more times when the services of a certified, independent real estate professional could be helpful.


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Dispute your tax assessment in Hennepin County

It's probable you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a past assessment of your home, so if values have declined in your neighborhood, you can challenge your assessment and save money. An appraisal from Reliatel Appraisal is your best evidence when building your case. At Reliatel Appraisal,we can assist you in disputing your tax assessment.

How can you get rid of 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 property, most lenders ask homebuyers to take out an additional insurance plan. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually bundled into the monthly mortgage payment, it is often forgotten. PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to get rid of PMI, Reliatel Appraisal can provide you with a statement regarding the value of your home. The expense of the home valuation can often be offset in little time because you'll no longer be paying the PMI.

An appraisal from Reliatel Appraisal will help you settle a divorce with less stress

A divorce is a very heartbreaking experience for the parties involved, and it is often further complicated by the hard decision of who keeps the property. So both parties are completely aware of the true market value of their home, it's a good idea to get an appraisal from Reliatel Appraisal, regardless of the circumstances.

If the parties need to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Fair and accurate estate liquidation

Losing a loved one is a painful 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 fullest 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 don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocating to or from Hennepin County?

Moving due to a job change is a stressful event, and we understand. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information regarding any new sales or listings in their area that they want considered during our detailed process.

Don't sell out for too little or keep your home on the market too long.

A professional appraisal will help you make a better educated decision when determining your selling price, whether you choose to sell your home on your own or with the help 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 are based on our efforts to perform the appraisal report and not a percentage of the sales price.

On a daily basis, we examine the difference in value items like an additional bathroom or a kitchen remodel can make. 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 appropriate sales price is for your home so you don't come up short or have your house on the market too long, costing you time and money.