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Each month AR runs numerous contests as a way for our members to engage in activities
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Ask a Real Estate Question
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Your Homepage will alert you of new questions in your state
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
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Michael S. Bolton has been helping MN residents with real estate and appraisal needs since 1988. If you have an appraisal need please call "The Valuation Expert."
I have been in the real estate business since 1988; first as a Realtor and then as an appraiser since 1997. I've owned my own business since 2000. I very much enjoy what I do!
I'm an outdoors nut! Just about every year I spend about a week in the BWCA. Enjoy spending time at my dad's cabin on Leech Lake, and of course fishing. I moved to Zimmerman, MN a few years ago from an inner ring suburb-what a change. I've come to appreciate all the wildlife areas, which are great for cross-country skiing and long walks.
Both my children are grown and out on their own, and even though I am a proud grandpa, it does make me feel a little old.
If you are a real estate professional, mortgage consultant or real estate attorney please subscribe to my blog to get news and updates on residential appraisals, estate planning and tax changes. I would love to help you with any estate planning in the Twin Cities area of Minnesota. Contact me for all real estate appraisals in Minnesota and subscribe to my blog to stay abreast of all the local laws, changes, rulings and tips for selling, appraising and buying real estate in Minnesota.
Given the current real estate market conditions many people are finding that their tax assessed value is higher than the current market value really is. While we have to pay our real estate taxes, but that doesn’t mean we have to over-pay either. I’ve seen assessed values that were over twice the fair market value. Many city assessor’s try and get it right, however there many times that it’s just plain wrong.
According to the Tax Payer’s Union 30 to 60 percent of taxable property is over-assessed. Yet typically less than 5 percent of taxpayers challenge their assessments. The process is relatively easy if you follow the proper procedures; please go to www.taxappealmn.com to learn more about the process.
We’ve helped homeowners save hundreds, even thousands of dollars per year by teaching them the process and steps needed to take to get their tax assessed value lowered. Please free to call with any questions.
Settling an estate is one of those things that we don’t typically have to think much about until the need arises. There are things to watch out for; you may need an opinion of value for the “date of death”, “alternate date”, “current as-is”, “retrospective value”, or a combination of the different values. Consulting your attorney and/or accountant on exactly what it is that you need can save you a lot headaches in the future. You can rest assured that we have the experience to work with all these types of values.
In modern estate planning, giving away property and fractional shares of property to produce transfers of wealth at nominal prices is a standard technique for reducing estate taxes. The use of a well-qualified appraiser who will produce an appraisal report that is valid, well substantiated, and convincing is important.
Divorce is a very difficult, if not a traumatic experience. And is often only exacerbated by the fact of what’s going to happen to the house. If one of the parties wants to keep the house, then they’ll need to establish what a fair market value is. This is usually done in one of three ways, or in a combination there of: tax assessed value, an appraisal from a certified appraiser, or a Realtors’ market analysis.
Staying informed and on top of what is happening in the real estate industry has been a real passion for me over the years. I keep current on the local real estate trends, and what is happening in your local market here in the North Metro area.
As a certified appraisal expert I cover all areas including Mortgage Work, Divorce, Tax Appeal, Estate Planning, REO’s (bank owned properties), and Bankruptcy. I also have experience with investment properties; both as a consultant and as an investor. Keeping current with all the rules and regulations governing Real Estate Appraisal is import to me, that’s why I have taken over 250 hours of appraisal continuing education courses with specialized training that includes: the appraiser as an expert witness, litigation appraising, and advanced appraisal report writing. A full resume of my appraisal training and background is available upon request.
"..thank you for doing such a super job on the appraisal." Peggy & Tom Croteau-Zimmerman
"Thank you for all of your hard work in helping us determine the value of our lake shore property." R.F. Anoka
"Thanks for all of your help...you have earned many referrals from me!" Doug Polacek-New Hope
"Thanks again for doing the appraisal for our dad's home, we are slowly getting some closure on my dad's estate." Wendy Maupin-Maple Grove
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.