Reasons to choose an appraisal from The August Group Inc.
Thousands of people in Missouri buy, sell or refinance their home each year. A lot of these transactions involve a simple line item for an appraisal. While there are a developing number of automated home valuation methods that might appear to be more cost-effective than an appraisal, practically all lenders still call in a local expert because the stakes are so high. Is obtaining a mortgage the only reason to acquire an appraisal? Are there other times when the services of a licensed, independent real estate professional might be helpful? Absolutely.
Contest your tax assessment in Saint Louis County
If you are in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from The August Group Inc. is your best evidence when building your case. At The August Group Inc., we're qualified to assist you in challenging your tax assessment.
Get rid of PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an extra insurance plan that almost all lenders ask home owners to buy when the amount being loaned to the home owner is more than 80% of the actual value of the home. This additional payment is often lumped into the monthly mortgage payment and is promptly forgotten. This is bad because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to eliminate PMI, The August Group Inc. will produce a statement regarding the value of your home. The expense of the home valuation can often be recovered in little time because you'll no longer be paying the PMI.
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Settle a divorce with fewer hang-ups
A divorce can be a particularly daunting event for both parties, and it is often more complicated by the troublesome decision of who gets the house. So both parties are fully aware of the true market value of their home, it's a good idea to get an appraisal from The August Group Inc., regardless of the situation.
The parties will have a clearer picture of what price to set, if they wish to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.
Ascertain an accurate and fair valuation for estate liquidation
The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. A home or other property often makes up a disproportionate share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocate to or from Saint Louis County for work
We understand the headaches involved with an employee relocation. That's why we take great care in establishing a convenient appointment time for the appraisal inspection. During our thorough inspection, we suggest relocating employees to provide remarks on the positive aspects of their property, as well as information about any recent sales or listings in their area that they want considered.
Close on your home quickly — for the right price
A professional appraisal can help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees aren't related to the sales price, but rather they are calculated on our efforts to complete the appraisal report.
We determine the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to determine what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time, because we're experts in knowing how long houses are one the market.