Why get an appraisal from The August Group Inc.?To a lot of us, an appraisal just looks like one more thing in the long list of items for a home sale or refinance. Almost all lenders still call for a local expert because the stakes are so high, even though there are a budding number of automated home valuation systems that may appear less expensive than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there also instances when the services of a licensed, independent real estate professional could come in handy? Of course there are.
Dispute your tax assessment in Saint Louis CountyIt's probable you're paying too much in property taxes if you reside in an area where property values have depreciated. Ad Valorem taxes are based upon a previous assessment of your house, so if values are less than what they used to be in your neighborhood, you can appeal your assessment and save money. 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 disputing your tax assessment.
Getting rid of your PMI will lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the property, most lenders ask home buyers to purchase an extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
The August Group Inc. can produce a statement regarding the value of your home, and the cost of the appraisal can usually be regained in little time because you'll no longer be paying the PMI.
An appraisal from The August Group Inc. will help you settle a divorce with less stressA divorce can be an especially traumatic experience for both parties, and it is often more complicated by the challenging decision of who gets the home. Regardless of the situation, it's prudent to get an appraisal from The August Group Inc. so both parties are completely aware of the true market value of their home.
The parties will have a clearer picture of what price to set, if they wish to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair assessment.
Trustworthy estate liquidationThe loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish 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 utmost degree of discretion.
Most Americans don't have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so 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.
Relocating to or from Saint Louis County?Employee relocation is a real pain, and we understand. We take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive characteristics of their property, as well as information regarding any current sales or listings in their neighborhood that they want considered during our intensive process.
Let The August Group Inc. help you sell your home quickly at the right priceA professional appraisal can help you make a more informed decision when determining your selling 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 price the house sells for, unlike real estate agents. The price we charge isn't related to the sales price, but rather they are calculated on our efforts to complete the appraisal.
We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable 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 - because we're experts in knowing how long properties stay on the market.