Attention homeowners in Madison Lake and Blue Earth County: Need an appraisal?

Here are the top 7 reasons MN homeowners use Pete Peterson Appraisal Services:

  1. Pre-listing appraisals (whether you're using a real estate agent or selling the home on your own)
  2. To challenge a MN property tax assessment
  3. Remove PMI to reduce their monthly mortgage payment
  4. To reinstate their Home Equity Line of Credit (or HELOC)
  5. Verify another appraiser's report
  6. In the case of a MN divorce, where property needs to be divided
  7. To determine the true market value of real estate in question to settle an estate in Blue Earth County or the state of MN

Need help deciding the price of your house in or near Madison Lake, MN?
Contact Pete Peterson Appraisal Services.

We at Pete Peterson Appraisal Services understand the individual needs of a customer after appraisal services. Our business practices and reporting formats are familiar to our business clients like lenders, lawyers, and accountants. But as a general consumer,we'll be sure you get extra guidance and explanations through the appraisal process to more fully understand what we do and how we document our findings.

For Sale By Owner/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 Pete Peterson Appraisal Services, will be objective. We'll tell you what you need to know, not just what you want to hear. A professional appraisal is a crucial negotiating tool once you have an interested buyer, in addition to helping you set a realistic price to sell at so your property will attract interested buyers. The appraisal is something concrete to show your buyer. The appraisal is an independent third party's opinion of your house's value, not just how much you think your home is worth. Interested buyers know that you have an emotional attachment to your home and will be more likely to give credibility to an experienced appraiser's value conclusion than yours.

Appraisals to remove PMI

A preferred way to cut expenses for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan is less than 80% of the value of your home. In most cases you can apply to a lender to have the PMI eliminated from your loan. Pete Peterson Appraisal Services is qualified in helping homeowners just like you abolish unwanted PMI insurance.

Challenge property tax assessments

Your local tax assessor may have your home overvalued if you live in an area that's declining. This means you are paying higher taxes than you should be paying. Since your property assessment may likely go up again in the next period, the sooner you take care of a matter like this, the better off you'll be. When challenging your property tax assessment, getting an appraisal from Pete Peterson Appraisal Services is your #1 weapon.

Was your HELOC recently frozen?

If your property is in a declining area, your lender just might choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can be be unfavorable to your credit score since it may appear as though that credit line is maxed out, and also inconvenient from a cash flow standpoint. Pete Peterson Appraisal Services can help you reinstate your HELOC.

Field and Desktop Appraisal Review Services

Would you wish a second opinion without the charge and delay of waiting for a whole new appraisal? Or do you want a veteran appraiser to double-check your appraisal for efficiency? We can go out and check the subject and comps in a field review. Or, if you need it ASAP, 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.

Need a retrospective review of an appraisal report? We can We can assist you Even though this is typically requested by banks, you may desire to utilize this service if you suspect mortgage fraud related to your home.