Attention homeowners in Farmington and Washington County: Need an appraisal?

Here are the top seven reasons AR homeowners need Monroe Appraisal:

  1. Pre-listing appraisals (whether you're using an agent or selling the home on your own)
  2. Challenge a property tax assessment
  3. Remove PMI to reduce your monthly mortgage payment
  4. Reinstate your Home Equity Line of Credit (HELOC)
  5. Verify a different appraiser's report
  6. If real estate needs to be divided because of a divorce
  7. Settle an estate in AR by determining the true market value of real estate in question

Own a home in or near Farmington, AR and need help deciding the value of it?
Contact Monroe Appraisal.

We at Monroe Appraisal understand the individual needs of a homeowner seeking appraisal services. Our business practices and reporting formats are familiar to our business clients like banks, lawyers, and accountants. As our valued client, we will provide you with extra guidance and explanations through the appraisal process to understand what we do and how we document our findings.

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

Since you have an emotional attachment to your own house, it's often very hard to be objective about it. Professional appraisers, like the ones at Monroe Appraisal, are objective. We will tell you what you need to know, not just what you want to hear. In addition to helping you set a realistic selling price so your home will attract buyers, a professional appraisal is very crucial as a negotiating tool once you have an attainable buyer. It's something tangible to show the buyer. It's an independent third party's opinion of your home's price, and not just how much you think your house is worth. Interested buyers assume you have an emotional attachment to your house and will be far more likely to give credibility to an accomplished appraiser's value conclusion than yours.

Need to remove PMI?

A fashionable money saver for homeowners is getting the PMI canceled from their mortgage loan, thus saving them money on their monthly payments. PMI stands for "Private Mortgage Insurance". Your monthly payments will go down once your mortgage loan is down below 80% of the value of your property. In most cases you can apply to your lender to have the PMI eliminated from your loan. Monroe Appraisal is veterans in helping people just like you abolish unwanted PMI insurance.

Challenge Tax Assessment

Lets say you live in an area that's going down -- your local tax assessor may have your house overvalued. That means you're paying more taxes than you should. Since your property assessment may likely go up again in the next period, the faster you take care of things like this, the better. Getting an appraisal from Monroe Appraisal is your perfect weapon when contesting your property tax assessment.

HELOC recently frozen?

Even if your specific property has not declined in value, your lender just may choose to automatically freeze your home equity line of credit (HELOC) if your house is in a declining area. This can be be bad for your credit score since it may appear as though that credit line is maxed out, and also inopportune from a cash flow standpoint. Monroe Appraisal can help you reinstate your HELOC.

We Offer Field and Desktop Appraisal Review Services

Would you like a second opinion without the added cost and delay of waiting for a whole new appraisal? Or do you desire a professional to double-check your appraisal for precision? An appraiser from Monroe Appraisal can go out and check the subject and comps in question in a field review. If you need it ASAP, 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 report? Monroe Appraisal can We can assist you. While usually requested by banks, you may need to use this service if you suspect mortgage fraud related to your home.