Appraisal services for Rochester and Olmsted County homeowners

Here are the top 7 reasons why MN homeowners use Rochester Area Appraisals:

  1. Find the right listing price (whether you're using an agent or selling the home on your own)
  2. Challenge Olmsted county's assessment of your property
  3. Remove PMI to reduce their monthly mortgage payment
  4. To reinstate their Home Equity Line of Credit (or HELOC)
  5. To review a different appraiser's report for verification
  6. In the case of a MN divorce, when real estate needs to be divided
  7. To determine the true market value of property in question to settle an estate in Olmsted County or the state of MN

Own a home in or near Rochester, MN and need help determining the value of it?
Contact Rochester Area Appraisals.

We at Rochester Area Appraisals understand the unique needs of a customer looking for appraisal services. Our business practices and reporting formats are familiar to our business clients like lenders, attorneys, and accountants. But as a general consumer,we'll be sure you get extra guidance and explanations through the appraisal process to more clearly understand what we do and how we report our findings.

For Sale By Owner/Pre-Listing Services

It's very hard to be objective about your house because you probably have an emotional attachment to it. Our professional appraisers at Rochester Area Appraisals are objective. We won't just tell you what you want to hear, we will tell you what you need to know. A professional appraisal is a very valuable negotiating tool once you have a likely buyer, in addition to helping you set a realistic price to sell at so your home will attract many interested buyers. It gives you something tangible 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. Interested buyers know you have an emotional attachment to your home and will be much more likely to give credibility to an expert appraiser's value estimation than yours.

Appraisals to remove PMI

Getting the PMI (Private Mortgage Insurance) removed from your mortgage loan is a preferred way to cut expenses for homeowners. Once your mortgage loan is down below 80% of the value of your property, in most cases you can apply to the lender to have the PMI eliminated from your loan, which will make your monthly payments go down. We're seasoned in helping clients just like you remove unneeded and unwanted PMI insurance.

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 homes close by. That only means you are going to pay more taxes than you should. The sooner you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. When contesting your property tax assessment, getting an appraisal from Rochester Area Appraisals is your perfect weapon.

Recently got a freeze your HELOC?

If your property is in a declining area, your lender might decide to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be be damaging to your credit score since it may appear as though that credit line is maxed out, and also difficult from a cash flow angle. Rochester Area Appraisals can help you reinstate your home equity line of credit with an expert appraisal.

Field and Desktop Appraisal Review Services

Do you need a veteran appraiser to double-check your appraisal for accuracy, or do you desire a second opinion without the added cost and delay of waiting for a whole new appraisal? Rochester Area Appraisals offers field reviews where we'll go out and check the subject and comps. Or, if you need it in a rush, we can provide 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? Rochester Area Appraisals can help with that too. While typically requested by banks, you may desire to exercise this service if you suspect mortgage fraud related to your home.