Let The August Group Inc. handle your appraisal needs
Thousands of people in Missouri purchase, sell or refinance their home each month. A lot of these transactions have a simple line item for an appraisal. Nearly all lenders still call in a local expert because the stakes are very high, even though there are a multiplying number of automated home valuation processes that may appear to be more prudent than an appraisal. Is obtaining a mortgage the only reason to acquire an appraisal? Are there also situations when the services of a certified, independent real estate professional could come in handy? You bet.
Contest your tax assessment in Saint Louis County
If you reside in an area where the property value has depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in challenging your tax assessment.
PMI removal to reduce a mortgage payment
When the amount being loaned to the buyeris more than 80% of the actual value of the real estate, nearly all lenders ask homebuyers to buy this additional insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often folded into the monthly mortgage payment and is promptly forgotten. PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfavorable. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.
The August Group Inc. can give you a statement regarding the value of your home, and the price you paid for the appraisal can generally be offset 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 can be a very daunting ordeal for both parties, and it is often more complicated by the troublesome decision of who keeps the property. It's a good idea to get an appraisal from The August Group Inc. so both parties are completely aware of the true market value of their house, regardless of the situation.
The parties will have a clearer picture of what price to set, if they need to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Accurate and fair estate liquidation
The death of a loved one is a hard 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. We ensure the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans do not have dedicated estate planners or executors to take care of these matters, unlike many wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've gotten a fair 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 setting up a convenient appointment time for the appraisal inspection. During our detailed inspection, we suggest relocating employees to provide feedback on the positive attributes of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Sell your home promptly — at the right price
Whether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a better educated decision regarding your asking price. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.
We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Obtaining a professional appraisal is a reliable way to decide 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 homes stay on the market.