There are lots of reasons people call on AMG Appraisals LLC

Every year, thousands of people in Minnesota purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. Even though there are a budding number of automated home valuation methods that might appear to be more prudent than an appraisal, the majority of lenders still call for a local expert because the stakes are so high. But is securing a mortgage the only reason you should get an appraisal? Are there also instances when the services of a licensed, independent real estate professional might be beneficial? You bet there are.

When you're planning on any transaction where the likely sales price of your house is in question, just contact AMG Appraisals LLC. Just click here

Challenge your tax assessment in Ramsey County

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a previous assessment of your house, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from AMG Appraisals LLC is your best evidence. At AMG Appraisals LLC, we're qualified to assist you in appealing your tax assessment.

Let AMG Appraisals LLC help you do away with PMI to lower your mortgage payment

Private Mortgage Insurance, or PMI, is an added insurance policy that nearly all lenders ask home owners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the home. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, AMG Appraisals LLC will produce a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI.

Divorce settlement with less stress

A divorce is often complicated by the strenuous decision of who maintains 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 house, it's a good idea to get an appraisal from AMG Appraisals LLC, regardless of the situation.

If the parties want to sell the home, they'll have a better 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 received a fair evaluation.

Accurate and fair estate liquidation with help from AMG Appraisals LLCSettling an estate

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 residential property involved. We guarantee the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to handle these affairs, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've received an honest deal.

AMG Appraisals LLC can assist you in relocating to or from Ramsey County

Moving due to a job change is a stressful event. We know where you're coming from! That being said, we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any recent sales or listings in their neighborhood that they want considered during our thorough process.

Sell your home quickly at the right price

Whether you decide to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your asking price. An appraiser has no vested interest in what amount the house sells for, unlike real estate agents. Our fees are derived from our efforts to finish the appraisal report and and aren't related to the sales price.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a reliable way to decide 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 homes are one the market.