Appraisal services for Minot and Ward County homeowners

Here are the top 7 reasons why North Dakota homeowners call on Souris Valley Appraisal, LLC:

  1. Find the right listing price (whether you're using an agent or selling the home on your own)
  2. Challenge a property tax assessment
  3. To cut their mortgage payment by removing PMI
  4. Reinstate their Home Equity Line of Credit (or HELOC)
  5. To review another appraiser's report for verification
  6. If real estate property needs to be divided because of a divorce
  7. To settle an estate in North Dakota by determining the true market value of the property in question
Need help deciding the price of your house in or near Minot, North Dakota? Contact Souris Valley Appraisal, LLC.

At Souris Valley Appraisal, LLC, we understand the special needs of a customer seeking appraisal services. The appraisal process and reporting formats are familiar to our business clients like lenders, lawyers, and accountants. Being a person not in the real estate field that most likely doesn't look at appraisals on a regular basis, we will give you extra guidance and explanations through the appraisal process to better understand what we do and how we document the results of our analysis.

For Sale by Owner/Pre-Listing Services

Since you have an emotional attachment to your own house, it's often very hard to be objective about it. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. A professional appraisal is very valuable as a negotiating tool once you have a potential buyer, in addition to helping you set a realistic price to sell at so your property will attract buyers. It gives you something tangible to show your buyer. An appraisal is an independent third party's opinion of your property's value -- not just you saying how much your house is worth. Potential buyers know you have an emotional attachment to your home and will be more likely to give credibility to an experienced appraiser's value report than yours.

Challenge a property tax assessment

Let's say your house is not appreciating as much as other properties nearby -- your local tax assessor may have your house overvalued. This only means you're probably paying higher taxes than you should be paying. The sooner you take care of a matter like this, the better, since your property assessment may likely go up again in the next period. An appraisal from Souris Valley Appraisal, LLC is your #1 weapon when challenging your property tax assessment.

Appraisals to cancel PMI

PMI stands for Private Mortgage Insurance. A preferred money saver for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Your monthly payments will go down once your mortgage loan amount is below 80% of the value of your property. In most cases you can apply to your lender to have the PMI removed from your loan. We are seasoned in helping folks just like you delete unneeded PMI insurance.

Recently got a freeze to your HELOC?

Your lender may just make the decision to automatically freeze your home equity line of credit (HELOC) if your house is close to a declining area -- even if your specific property has not declined in value. Not only can this be annoying from a cash flow angle, but it can be damaging to your credit score since it may appear as though that credit line is maxed out. Souris Valley Appraisal, LLC can help you reinstate your HELOC.

We Provide Field and Desktop Appraisal Review Services

Do you need a veteran appraiser to double-check your appraisal for accuracy, or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? In a field review we will go out and check the subject and comparables in question. If you need it immediately, we'll 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? Souris Valley Appraisal, LLC can help you with that. While typically requested by banks, you may want to use this service if you suspect mortgage fraud related to your home.