Attention homeowners in Minneapolis and Hennepin County: Need an appraisal?

The top seven reasons why MN homeowners use Hughes Appraisals, LLC:

Find the right listing price (whether you're using an agent or selling the home on your own)
To challenge a MN property tax assessment
To reduce a mortgage payments by removing PMI
To reinstate your Home Equity Line of Credit (or HELOC)
Verify a different appraiser's report
In the case of a MN divorce, where real estate needs to be divided
Settle an estate in MN by determining the true market value of property in question

Do you own a house in or near Minneapolis? Do you need help determining the price of your real estate?
Contact Hughes Appraisals, LLC.

We at Hughes Appraisals, LLC understand the particular needs of a consumer 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.

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

It's very hard to be objective about your own house because you probably have an emotional attachment to it. Our professional appraisers at Hughes Appraisals, LLC are objective. We won't just tell you what you want to hear, we will tell you what you need to know. A professional appraisal is very valuable as a negotiating tool once you have a likely buyer, in addition to helping you set a realistic selling price so your house will attract many interested buyers. The appraisal is something concrete to show your buyer. It's an independent third party's opinion of your property's price, and not just how much your home is worth. Potential buyers assume that you have an emotional attachment to your house and will be more likely to give credibility to a professional appraiser's value opinion than yours.

Need to cancel PMI?

A popular money saver for homeowners is getting the PMI removed from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Once your mortgage loan is less than 80% of the value of your house, in most cases you can apply to a lender to have the PMI eliminated from your loan, which will make your monthly payments go down. We're experienced in helping customers just like you delete unnecessary PMI insurance.

Challenge a property tax assessment

Your local tax assessor may have your home overvalued if you live in a region that is declining. That means you are probably paying more taxes than you should. The earlier 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 an appraisal report from Hughes Appraisals, LLC is your chief weapon.

Was your HELOC recently frozen?

Your lender might decide 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 be be unfavorable to your credit score since it may appear as though that credit line is maxed out, and also inopportune from a cash flow point of view. Hughes Appraisals, LLC can provide you with an expert appraisal that will help you reinstate your home equity line of credit.

Field and Desktop Appraisal Review Services

Do you need a professional to double-check your appraisal for efficiency, or do you want a second opinion without the charge and delay of waiting for a whole new appraisal? An appraiser from Hughes Appraisals, LLC can go out and check the subject and comps 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 you with a a retrospective review of any appraisal you may have had in the past. While usually requested by banks, you may wish to use this service if you suspect mortgage fraud related to your home.