Reasons to get an appraisal from The August Group Inc.
To many, an appraisal is simply another cost in the long list of items for a home purchase or refinance. And while there are a budding number of automated home valuation systems that may appear more practical than an appraisal, practically all lenders still want a local expert because the stakes are so high. Is getting a mortgage the only reason to acquire an appraisal? Are there other cases when the services of a certified, independent real estate professional could come in handy? Of course.
Dispute your tax assessment
If you are in an area where the value of property has declined, 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. We're qualified to assist you in appealing your tax assessment.
Remove PMI to lower your mortgage payment
When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, nearly all lenders ask buyers to take out this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. More often than not, this additional payment is folded into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, The August Group Inc. will provide you with a statement regarding the value of your home. The expense of the home valuation can generally be offset in a short amount of time because you'll no longer be paying the PMI.
Order your appraisal from The August Group Inc. todayOrder online
Settle a divorce with less stress
A divorce is often complicated by the difficult decision of who maintains the house, and it can be a very traumatic ordeal for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from The August Group Inc. so both parties are fully aware of the true market value of their house.
If the parties need to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Accurate and fair estate liquidation
The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for 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, guaranteeing the highest degree of discretion.
Most Americans don't have dedicated estate planners or executors to manage these issues, unlike many wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received an honest deal.
Relocate to or from Saint Louis County for work
We are aware of the headaches involved with an employee relocation. We take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive aspects of their property, along with information about any new sales or listings in their neighborhood that they want considered during our thorough inspection.
Sell your home quickly — at an accurate price
A professional appraisal can help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or with the help of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.
We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long propertiesstay on the market. So, seeking a professional appraisal is a trusted way to determine what improvements will add value and what a suitable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.