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Reasons to get an appraisal

Year after year, thousands of people in Missouri buy, sell or refinance their home. A lot of these transactions involve a simple line item for an appraisal. And even though there are a growing number of automated home valuation methods that may appear to be cheaper than an appraisal, nearly all lenders still call for a local expert because the stakes are so high. Is getting a mortgage the only reason you should get an appraisal? Are there more instances when the services of a licensed, independent real estate professional could come in handy? Of course there are.

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Contest your tax assessment in Greene County

If you are in an area where property values have declined, 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. At Appraisal First, Inc., we're qualified to assist you in appealing your tax assessment.

Removing PMI for mortgage payments

Private Mortgage Insurance, or PMI, is a supplemental insurance policy that most lenders ask home owners to purchase when the amount being loaned to the buyer is more than 80% of the actual value of the home. This extra payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met.

Appraisal First, Inc. will give you a statement regarding the value of your home, and the price you paid for the home valuation can usually be regained in just a few months because you'll no longer be paying the PMI.

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Settle a divorce with less stress

A divorce is a particularly traumatic experience for the parties involved, and it is often even more complicated by the troublesome decision of who gets the home. Regardless of the situation, it's a good idea to order an appraisal from Appraisal First, Inc. so both parties are fully aware of the true market value of their property.

If the parties need to sell the home, they'll have a a good idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Fair and accurate estate liquidation

The death 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 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.

Most Americans do not have dedicated estate planners or executors to take care of these affairs, unlike wealthy individuals. And seeing that a home or other property often makes up a disproportionate 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 Greene County for work

We are familiar with the headaches involved with an employee relocation. That being said, we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, as well as information regarding any new sales or listings in their area that they want considered during our thorough inspection.

Close on your home quickly — at an accurate price

A professional appraisal will help you make a better educated decision regarding your selling price, whether you want 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 amount the house sells for. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

On a daily basis, we determine the difference in value items like an extra bathroom or a kitchen remodel can make. Getting a professional appraisal is a reliable way to determine 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 houses stay on the market.

Let Appraisal First, Inc. assist you in selling your home quickly at the right price