Need an appraisal in Grand Rapids or Itasca County?

Here are the top seven reasons why MN homeowners need Tom Peterson:

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

Own a home in or near Grand Rapids, MN and need help deciding the price of it?
Contact Tom Peterson.

At Tom Peterson, we understand the individual needs of a homeowner in need of appraisal services. While our usual clients understand the appraisal process and standard reporting formats, you as a consumer will get extra customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

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

Since you have an emotional attachment to your own house, it's often very hard to be objective about it. Our professional appraisers at Tom Peterson are objective. We won't just tell you what you want to hear, we'll tell you what you need to know. 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 home will attract many interested buyers. It's something tangible to show your buyer. The appraisal is an independent third party's opinion of your house's price, not just you saying how much your house is worth. Interested buyers know you have an emotional attachment to your house and will be much more likely to give credibility to an experienced appraiser's value report than yours.

PMI Removal Appraisals

PMI stands for Private Mortgage Insurance. A preferred way to cut costs for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan is below 80% of the value of your home, in most cases you can apply to a lender to have the PMI canceled from your loan, which will make your monthly payments go down. We're experts in helping customers just like you get rid of unneeded and unwanted PMI insurance.

Challenge a property 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're going to pay more taxes than you should. The earlier you take care of things like this, the better off you'll be, since your property assessment may likely go up again in the next period. Getting an appraisal report from Tom Peterson is your #1 weapon when contesting your property tax assessment.

Recently got a freeze your HELOC?

Your lender might choose to automatically freeze your home equity line of credit (HELOC) if your home is close to a declining area -- even if your specific property has not declined in value. This can this be troublesome from a cash flow angle, and damaging to your credit score since it may appear as though that credit line is maxed out. Tom Peterson can help you reinstate your HELOC.

We Offer Field and Desktop Appraisal Review Services

Do you need a seasoned professional to double-check your appraisal for preciseness, or do you want a second opinion without the cost and delay of waiting for a whole new appraisal? An appraiser from Tom Peterson can go out and check the subject and comparables in a field review. Or, if you need it immediately, we can 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 report? Tom Peterson can help you with that. While typically requested by banks, you may need to exploit this service if you suspect mortgage fraud related to your home.