Let The August Group Inc. serve your appraisal needs
Each year, thousands of people in Missouri buy, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. The majority of lenders still call for a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that may seem cheaper than an appraisal. Is obtaining a mortgage the only reason you should get an appraisal? Are there other instances when the services of a certified, independent real estate professional might be helpful? You bet there are.
Appeal your tax assessment in Saint Louis County
If you reside in an area where the value of property has 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 equipped to assist you in appealing your tax assessment.
Eliminate PMI to lower your mortgage payment
Private Mortgage Insurance, or PMI, is an added insurance policy that many lenders ask buyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This extra payment is often lumped into the monthly mortgage payment and is quickly forgotten. PMI is unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, The August Group Inc. can provide you with a statement regarding the value of your home. The price you paid for the appraisal can often be regained in just a few months because you'll no longer be paying the PMI.
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Get a fair valuation on a home for divorce settlements
A divorce is a very daunting experience for the parties involved, and it is often more complicated by the burdensome decision of who keeps the home. It's a good idea to order an appraisal from The August Group Inc. so both parties are entirely aware of the true market value of their house, regardless of the circumstances.
If the parties wish 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.
Ascertain an accurate and fair valuation for estate liquidation
Losing a loved one is a difficult time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property 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 manage these matters, unlike many wealthy individuals. And seeing that a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.
Relocate to or from Saint Louis County through an employee relocation program
Employee relocation can be a stressful event, and we understand. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide feedback on the positive attributes of their property, along with information about any new sales or listings in their area that they want considered.
Sell your home promptly — for an accurate price
Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they are calculated on our efforts to finish the appraisal report.
We determine 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 housesare on the market. So, getting a professional appraisal is a trusted way to decide 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.