Reasons to order an appraisal

Every year, thousands of people in Minnesota buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Practically all lenders still need a local expert because the stakes are so high, even though there are a budding number of automated home valuation processes that might seem more practical than an appraisal. But is securing a mortgage the only basis for getting an appraisal? Are there other cases when the services of a licensed, independent real estate professional could be helpful? Of course.

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Let A.M.P. Appraisals, Inc help you dispute your tax assessment in Anoka County

It's quite possible you're paying too much in property taxes if you live in an area where property values have depreciated. Ad Valorem taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from A.M.P. Appraisals, Inc is your best evidence when building your case. At A.M.P. Appraisals, Inc,we can assist you in appealing your tax assessment.

A.M.P. Appraisals, Inc can help you eliminate PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance plan that many lenders ask home owners to purchase when the amount being loaned to the homebuyer is more than 80% of the actual value of the home. Very often, this added payment is bundled into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, A.M.P. Appraisals, Inc will give you a statement regarding the value of your home. The expense of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is an especially traumatic experience for the parties involved, and it is often even more complicated by the burdensome decision of who gets the house. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from A.M.P. Appraisals, Inc, regardless of the circumstances.

The parties will have a better idea of what price to set, if they need to sell the home. 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 mind

The loss of a loved one is a difficult 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 highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike wealthy individuals. 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 significant importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Relocating to or from Anoka County

We know the stress involved with an employee relocation. We take great care in establishing 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 neighborhood that they want considered during our thorough process.

Let A.M.P. Appraisals, Inc help you sell your home quickly at the right price

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. The price we charge isn't related to the sales price, but rather they rest on our efforts to finish the appraisal.

We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining 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 an unnecessarily long time - because we're experts in knowing how long homes stay on the market.