Real estate appraisal services for homeowners

Here are the top seven reasons why SD & WY homeowners hire Petrik Appraisals, LLC:

  1. To get a pre-listing appraisal (whether you're using a real estate agent or selling the home on your own)
  2. Challenge county's assessment of your property
  3. Remove PMI to reduce your monthly mortgage payment
  4. Reinstate your Home Equity Line of Credit (or HELOC)
  5. To review a different appraiser's report for verification
  6. In the case of a SD divorce, when real estate needs to be divided
  7. Determine the true market value of property in question to settle an estate

Need help determining the value of your home?
Contact Petrik Appraisals, LLC.

At Petrik Appraisals, LLC, we understand the unique needs of a consumer looking for appraisal services. Our business practices and reporting formats are familiar to our business clients like lenders, lawyers, and CPAs. As our client, you can expect extra guidance and explanations through the appraisal process to more clearly understand what we do and how we report our conclusions.

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

Since you have an emotional attachment to your own home, 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 a very important negotiating tool once you have a potential buyer, in addition to helping you set a realistic selling price so your home will attract many interested buyers. It gives you something tangible to show your buyer. An appraisal is an independent third party's opinion of your home's value -- not just you saying how much your house is worth. Potential buyers assume you have an emotional attachment to your home and will be much more likely to give credibility to an experienced appraiser's value opinion than yours.

Appraisals to cancel PMI

A preferred money saver 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". Once your mortgage loan is down below 80% of the value of your home, in most cases you can apply to your lender to have the PMI removed from your loan, which will make your monthly payments go down. We're seasoned in helping folks just like you do away with unneeded PMI insurance.

Challenge Tax Assessment

Lets say you live in an area that's declining -- your local tax assessor may have your home overvalued. This only means you're going to pay higher taxes than you should be paying. The quicker you take care of a matter like this, the better off you'll be, since your property assessment may likely go up again in the next period. When contesting your property tax assessment, getting a professional appraisal from Petrik Appraisals, LLC is your best weapon.

Was your HELOC recently frozen?

Your lender might just choose 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. This can this be difficult and inconvenient from a cash flow viewpoint, and unfavorable to your credit score since it may appear as though that credit line is maxed out. Petrik Appraisals, LLC can help you reinstate your home equity line of credit with an expert appraisal.

Field and Desktop Appraisal Review Services

Have you just accepted a copy of your appraisal and you would prefer to have a professional double-check it for verity or do you want a second opinion without the cost and delay of waiting for a whole new appraisal? An appraiser from Petrik Appraisals, LLC can go out and check the subject and comparables in question in a field review. Or, if you're in a hurry, we can provide desk review and verify as many facts as we can using online data sources as well as our own files.

We can also provide a retrospective review of any appraisal you may have had in the past. While usually requested by banks, you may want to make use of this service if you suspect mortgage fraud related to your property.