Reasons to hire an appraiser
Each year, thousands of people in Missouri purchase, sell or refinance their home. A lot of these transactions include a simple line item for an appraisal. Most lenders still call for a local expert because the stakes are very high, even though there are a developing number of automated home valuation processes that might appear more prudent than an appraisal. Is securing a mortgage the only basis for getting an appraisal? Are there other cases when the services of a licensed, independent real estate professional might be beneficial? Absolutely.
Challenge your tax assessment in Greene County
If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. An appraisal from Appraisal First, Inc. is your best evidence when building your case. We're qualified to assist you in appealing your tax assessment.
Getting rid of your PMI for mortgage payments
Private Mortgage Insurance, or PMI, is an additional insurance policy that almost all lenders ask homeowners to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the real estate. Very often, this added payment is folded into the monthly mortgage payment and is soon forgotten. This is unfortunate because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments when the loan-to-value ratio conditions have been met.
Appraisal First, Inc. can provide you with a statement regarding the value of your home, and the price you paid for the home valuation can often be regained in a short amount of time because you'll no longer be paying the PMI.
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Get a clear valuation on a home take make a divorce settlement less stressful
A divorce can be a very traumatic experience for both parties, and it is often further complicated by the challenging decision of who gets the home. Regardless of the circumstances, it's a good idea to get an appraisal from Appraisal First, Inc. so both parties are fully aware of the true market value of their home.
If the parties wish to sell the home, they'll have a a good idea of what price to set. 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 painful 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, ensuring the fullest degree of discretion.
Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to take care of these issues. 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 vital importance to ensuring disputing parties leave knowing they've received an honest deal.
Move to or from Greene County for work
Employee relocation is a stressful event, and we understand. That being said, we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information regarding any current sales or listings in their neighborhood that they want considered during our thorough inspection.
Close on your home promptly — at an accurate price
A professional appraisal can help you make a more informed decision regarding your selling price, whether you choose 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 depend on our efforts to complete the appraisal report and not a percentage of the sales price.
We determine 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 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, because we're experts in knowing how long properties are one the market.