Real estate appraisal services for homeowners in the city of Mountlake Terrace and Snohomish County

Here are the top 7 reasons why WA homeowners call on Principal Appraisal:

  1. Get a pre-listing appraisal (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 mortgage payments
  4. Reinstate their Home Equity Line of Credit (HELOC)
  5. To review another appraiser's report for verification
  6. In the case of a WA divorce, when property needs to be divided
  7. To determine the true market value of property in question to settle an estate in WA

Do you own a house in or near Mountlake Terrace? Do you need help determining the value of your real estate?
Contact Principal Appraisal.

We at Principal Appraisal understand the special needs of a consumer looking for appraisal services. Our business practices and reporting formats are familiar to our business clients like banks, lawyers, and CPAs. As our client, we'll be sure you get extra guidance and explanations through the appraisal process to better understand what we do and how we document the results of our analysis.

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

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

Need to cancel PMI?

A preferred money saver for homeowners is to get the PMI eliminated 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 amount is down below 80% of the value of your property. In most cases you can apply to the lender to have the PMI removed from your loan. At Principal Appraisal, we're qualified in helping people just like you rid yourselves of unwanted PMI insurance.

Challenging property tax assessments

Lets say your home is not appreciating as much as other properties nearby -- your local tax assessor may have your house overvalued. This means you're going to pay higher taxes than you should be paying. The sooner 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. When contesting your property tax assessment, getting a professional appraisal from Principal Appraisal is your strongest weapon.

HELOC recently frozen?

If your home is in or near a declining area, your lender may decide 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 from a cash flow standpoint, and damaging to your credit score since it may appear as though that credit line is maxed out. Principal Appraisal can provide you with an expert appraisal that will help you reinstate your home equity line of credit.

We Offer Field and Desktop Appraisal Review Services

Would you prefer a second opinion without the charge and delay of waiting for a whole new appraisal? Or do you need a veteran appraiser to double-check your appraisal for precision? We can go out and check the subject and comps in question in a field review. Or, if you're in a rush, we can provide you with a 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 in your possession. While typically requested by banks, you may wish to utilize this service if you suspect mortgage fraud related to your house.