Reasons to get an appraisal from BM AppraisalsThousands of people in Minnesota and Wisconsin buy, sell or refinance their home every year. Many of these transactions consist of a simple line item for an appraisal. And even though there are a multiplying number of automated home valuation processes that may appear to be more practical than an appraisal, practically all lenders still want a local expert because the stakes are incredibly high. You might believe that getting a mortgage is the only reason to acquire an appraisal, but there are additional situations when the services of a certified, independent real estate professional might be helpful.
Let BM Appraisals help you appeal your tax assessment appealsIf you live in an area where the value of property has depreciated, it's possible you're paying too much in property taxes. An appraisal from BM Appraisals is your best evidence when building your case. We're capable of assisting you in challenging your tax assessment.
BM Appraisals can help you do away with PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance plan that many lenders ask home buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. Since the additional payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfortunate because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to remove the PMI installments on most mortgages when the balance is paid down to 78% of the original value.
BM Appraisals can give you a statement regarding the value of your home, and the cost of the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.
Settling a divorce with less stress with an appraisal from BM AppraisalsA divorce can be an especially traumatic ordeal for both parties, and it is often more complicated by the strenuous decision of who maintains the property. It's a good idea to get an appraisal from BM Appraisals so both parties are completely aware of the true market value of their house, regardless of the situation.
If the parties need to sell the home, they'll have a clearer picture 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.
Settling an estate with peace of mindThe loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair 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 wealthier individuals, most Americans do not have dedicated estate planners or executors to handle these affairs. A home or other property often makes up an uneven share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
BM Appraisals can assist you in relocating to or from the Twin CitiesWe are aware of the headaches associated with an employee relocation. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough process, we suggest relocating employees to provide remarks on the positive features of their property, along with information about any new sales or listings in their area that they want considered.
Let BM Appraisals help you sell your home quickly at the right priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, which is different than the interest of real estate agents. The price we charge isn't related to the sales price, but rather they depend on our efforts to complete the appraisal.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted way to determine what improvements will add value and what an applicable sales price is for your home - so you don't come up short or have your house on the market an unnecessarily long time - because we're experts in knowing how long properties stay on the market.