Attention homeowners in Park Rapids and Becker County: Need an appraisal?

Here are the top reasons MN homeowners call on ALG Appraisals:

  1. Pre-listing appraisals (whether you're using a real estate agent or selling the home on your own)
  2. Challenge a property tax assessment
  3. Remove PMI to lower their mortgage payments
  4. Reinstate your Home Equity Line of Credit (or HELOC)
  5. To review another appraiser's report for verification
  6. In the case of a MN divorce, when real estate needs to be divided
  7. Settle an estate in MN by determining the true market value of property in question

Do you own a house in or near Park Rapids? Do you need help determining the price of your real estate?
Contact ALG Appraisals.

At ALG Appraisals, we understand the special needs of a customer in need of appraisal services. Our typical business clients get the appraisal process and the standard documents we provide. But as a general consumer,you can expect extra guidance and explanations through the appraisal process to better understand what we do and how we present our findings.

For-Sale-By-Owner (FSBO) / Pre-Listing Services

Since you have an emotional attachment to your house, it's often very hard to be objective about it. Professional appraisers, like the ones at ALG Appraisals, are objective. We'll tell you what you need to know, not just what you want to hear. A professional appraisal is very important as a negotiating tool once you have an interested buyer, in addition to helping you set a realistic price to sell at so your home will attract buyers. The appraisal is something tangible to show the buyer. It's an independent third party's opinion of your property's value, and not just how much you think your home is worth. Potential buyers know that you have an emotional attachment to your home and will be far more likely to give credibility to an accomplished appraiser's value conclusion than yours.

Appraisals to cancel PMI

Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is an attractive money saver for homeowners. Your monthly payments will go down once your mortgage loan amount is less than 80% of the value of your house. In most cases you can apply to a lender to have the PMI canceled from your loan. ALG Appraisals is qualified in helping customers just like you rid yourselves of unnecessary PMI insurance.

Challenge Tax Assessment

Your local tax assessor may have your home overvalued if you live in a region that's going down. That only means you are going to pay more taxes than you should. Since your property assessment may likely go up again in the next period, the sooner you take care of things like this, the better. When challenging your property tax assessment, getting an expert appraisal from ALG Appraisals is your #1 weapon.

Recently got a freeze your HELOC?

Even if your specific property has not declined in value, your lender might make the decision to automatically freeze your home equity line of credit (HELOC) if your home is in a declining area. This can this be annoying from a cash flow viewpoint, and detrimental to your credit score since it may appear as though that credit line is maxed out. A professional appraisal from ALG Appraisals can help you reinstate your HELOC.

Field and Desktop Appraisal Review Services

Do you need an expert to double-check your appraisal for precision, or do you need a second opinion without the expense and delay of waiting for a whole new appraisal? We can go out and check the subject and comparables in a field review. Or, if you need it immediately, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

We can also provide you with a a retrospective review of any appraisal report you may have in your possession. While usually requested by banks, you may desire to exploit this service if you suspect mortgage fraud related to your house.