Attention homeowners in St Louis and Saint Louis County: Need an appraisal?
The top seven reasons why MO homeowners use The August Group Inc.:
Do you own a house in or near St Louis? Do you need help determining the value of your real estate?
We at The August Group Inc. understand the particular needs of a consumer seeking appraisal services. Our business practices and reporting formats are relatively routine to our business clients like banks, attorneys, and CPAs. As our client, we will provide you with extra guidance and explanations through the appraisal process to more fully understand what we do and how we present our conclusions.
For-Sale-By-Owner (FSBO) / Pre-Listing Services
It's very hard to be objective about your home because of your emotional attachment to it. Our professional appraisers at The August Group Inc. are objective. We won't just tell you what you want to hear, we'll tell you what you need to know. In addition to helping you set a realistic price to sell at so your house will attract many interested buyers, a professional appraisal is very important as a negotiating tool once you have an interested buyer. It gives you something concrete to show your buyer. The appraisal is an independent third party's opinion of your home's price, not just how much your home is worth. Potential buyers assume that you have an emotional attachment to your home and will be more likely to give credibility to a professional appraiser's value conclusion than yours.
Appraisals to cancel PMI
PMI stands for Private Mortgage Insurance. An attractive way to cut expenses for homeowners is getting the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan amount is less than 80% of the value of your house, in most cases you can apply to the lender to have the PMI eliminated from your loan, which will make your monthly payments go down. The August Group Inc. is veterans in helping consumers just like you delete unwanted and unneeded PMI insurance.
Challenging property tax assessments
Your local tax assessor may have your house overvalued if your house is not appreciating as much as other houses close to yours. That means you are most likely paying more taxes than you should. Since your property assessment may likely go up again in the next period, the earlier you take care of a matter like this, the better. Getting an appraisal report from The August Group Inc. is your chief weapon when contesting your property tax assessment.
Was your HELOC recently frozen?
Even if your specific property has not declined in value, your lender might make the decision to automatically freeze your home equity line of credit (HELOC) if your house is in or near 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 difficult from a cash flow standpoint. An expert appraisal from The August Group Inc. can help you reinstate your HELOC.
Do You Need Field and Desktop Appraisal Review Services?
Would you wish a second opinion without the added expense and delay of waiting for a whole new appraisal? Or do you need a professional to double-check your appraisal for preciseness? In a field review we will go out and check the subject and comparables in question. 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 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 take advantage of this service if you suspect mortgage fraud related to your house.