Attention homeowners in Oklahoma City and Oklahoma County: Get an Appraisal today!

The top seven reasons why OK homeowners need RIP:

  1. To 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 a mortgage payment
  4. Reinstate their Home Equity Line of Credit (or HELOC)
  5. Review a different appraiser's report for verification
  6. In the case of a OK divorce, where real estate needs to be divided
  7. Determine the true market value of real estate in question to settle an estate

Need help determining the value of your home in or near Oklahoma City, OK?
Contact RIP.

At RIP, we understand the special needs of a consumer seeking appraisal services. While our typical business clients understand the appraisal process and standard reporting formats, you as a consumer will get extra 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

It's very hard to be objective about your own house because you probably have an 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. In addition to helping you set a realistic price to sell at so your house will attract interested buyers, a professional appraisal is very important as a negotiating tool once you have a likely buyer. It gives you something concrete to show your buyer. It's an independent third party's opinion of your property's value, and not just how much you think your house is worth. Interested buyers know you have an emotional attachment to your home and will be far more likely to give credibility to a qualified appraiser's value assessment than yours.

Appraisals to remove PMI

Getting the PMI (Private Mortgage Insurance) canceled from your mortgage loan is a preferred way to save money for homeowners. Once your mortgage loan is less than 80% of the value of your house, in most cases you can apply to the lender to have the PMI removed from your loan, which will make your monthly payments go down. RIP is experts in helping customers just like you do away with unneeded PMI insurance.

Challenge property tax assessments

If you live in a local area that is declining or is not appreciating as much as other properties close to yours, your local tax assessor may have your home overvalued. This only means you are probably paying 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. An appraisal report from RIP is your best weapon when contesting your property tax assessment.

HELOC recently frozen?

Even if your specific property has not declined in value, your lender may decide to automatically freeze your home equity line of credit (HELOC) if your property is near a declining area. Not only can this be disadvantageous from a cash flow standpoint, but it can be damaging to your credit score since it may appear as though that credit line is maxed out. RIP can provide you with efficient appraisal to help you reinstate your home equity line of credit.

Do You Need Field and Desktop Appraisal Review Services?

Would you like a second opinion without the added expense and delay of waiting for a whole new appraisal? Or do you want an expert to double-check your appraisal for precision? In a field review we will go out and check the subject and comparables. Or, if you need it ASAP, 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? RIP can help with that too. Even though this is typically requested by banks, you may need to make use of this service if you suspect mortgage fraud related to your property.