Appraisal services for Sleepy Eye and Brown County homeowners

Here are the top 7 reasons MN homeowners order from Novotny Real Estate:

  1. Get a pre-listing appraisal (whether they're selling the home themselves or using a real estate agent)
  2. Challenge property tax assessments
  3. To reduce their mortgage payments by removing PMI
  4. To reinstate your Home Equity Line of Credit (or HELOC)
  5. Verify a different appraiser's report
  6. If real estate property needs to be divided because of a divorce
  7. Settle an estate in MN by determining the true market value of property in question

Do you own a home in or near Sleepy Eye? Do you need help deciding the value of your real estate?
Contact Novotny Real Estate.

We at Novotny Real Estate understand the special needs of a consumer seeking appraisal services. The appraisal process and reporting formats are familiar to our business clients like lenders, attorneys, and accountants. But as a consumer,we'll be sure you get extra guidance and explanations through the appraisal process to understand what we do and how we present our conclusions.

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. A professional appraiser is objective and will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic price to sell at so your property will attract interested buyers, a professional appraisal is very important as a negotiating tool once you have an attainable buyer. It gives you something concrete to show your buyer. It's an independent third party's opinion of your property's price, and not just you saying how much you think your house is worth. Potential buyers know that you have an emotional attachment to your home and will be more likely to give credibility to an accomplished appraiser's value estimation than yours.

Need to cancel PMI?

Getting the PMI (Private Mortgage Insurance) eliminated from your mortgage loan is an attractive way to save money for homeowners. Once your mortgage loan is down below 80% of the value of your property, in most cases you can apply to the lender to have the PMI canceled from your loan, which will make your monthly payments go down. Novotny Real Estate is seasoned in helping customers just like you remove unwanted PMI insurance.

Challenging Brown county's assessment of your property

Your local tax assessor may have your home overvalued if you live in a local area that is going down. That means you're most likely paying more taxes than you should. Since your property assessment may likely go up again in the next period, the earlier you take care of a matter like this, the better off you'll be. When contesting your property tax assessment, getting an expert appraisal from Novotny Real Estate is your number one weapon.

Was your HELOC recently frozen?

If your house is in or near a declining area, your lender may choose to automatically freeze your home equity line of credit (HELOC) - even if your specific property has not declined in value. This can this be difficult and inconvenient from a cash flow viewpoint, and bad for your credit score since it may appear as though that credit line is maxed out. Novotny Real Estate can provide you with efficient appraisal that will help you reinstate your home equity line of credit.

We Also Provide Field and Desktop Appraisal Review Services

Have you just accepted a copy of your appraisal and you'd wish to have a seasoned appraiser double-check it for precision or do you want a second opinion without the charge and delay of waiting for a whole new appraisal? We can go out and check the subject and comparables in a field review. If you need it immediately, we'll 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 help with that too. Even though this is usually requested by banks, you may wish to take advantage of this service if you suspect mortgage fraud related to your home.