Why get an appraisal from Knudson Appraisal Service?

Thousands of people in North Dakota buy, sell or refinance their home each year. Most of these transactions consist of a simple line item for an appraisal. While there are a developing number of automated home valuation systems that might seem cheaper than an appraisal, nearly all lenders still call in a local expert because the stakes are incredibly high. But is obtaining a mortgage the only reason you should get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional could come in handy? You bet there are.


	When you're planning on any transaction where the likely sales price of your property is in question, you should contact Knudson Appraisal Service. Just click here

Challenge your tax assessment in Burleigh County

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Knudson Appraisal Service is your best evidence. At Knudson Appraisal Service, we're capable of assisting you in challenging your tax assessment.

Let Knudson Appraisal Service help you lower your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the property, nearly all lenders ask home buyers to purchase an added insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.

If you'd like to get rid of PMI, Knudson Appraisal Service will provide you with a statement regarding the value of your home. The expense of the home valuation can generally be regained in little time because you'll no longer be paying the PMI.

An appraisal from Knudson Appraisal Service will help you settle a divorce with less stress

A divorce can be an especially traumatic event for both parties, and it is often even more complicated by the hard decision of who maintains the property. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from Knudson Appraisal Service, regardless of the situation.

If the parties need to sell the home, they'll have a a good idea of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

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

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. 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.

Relocating to or from Burleigh County?

We know the stress involved with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive attributes of their property, along with information about any current sales or listings in their area that they want considered during our intensive process.

Selling your home quickly at the right price

Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees aren't related to the sales price, but rather they are based on our efforts to complete the appraisal.

We determine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a trusted way to decide what improvements will add value and what a suitable 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 properties are one the market.