Why you should order an appraisal from Appraisal First, Inc.
Each year, thousands of people in Missouri buy, sell or refinance their home. Most of these transactions contain a simple line item for an appraisal. While there are a multiplying number of automated home valuation systems that may appear cheaper than an appraisal, most lenders still call in a local expert because the stakes are very high. You might assume that getting a mortgage is the only reason to get an appraisal, but there are additional cases when the services of a certified, independent real estate professional could be helpful.
Appeal your tax assessment
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 capable of assisting you in disputing your tax assessment.
Eliminating PMI for mortgage payments
When the amount being loaned to the buyeris more than 80% of the actual value of the home, almost all lenders ask homebuyers to take out this added insurance policy. That policy is Private Mortgage Insurance, or PMI. This additional payment is often folded into the monthly mortgage payment and is quickly forgotten. This is damaging because PMI becomes unnecessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% mark. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.
If you'd like to get rid of PMI, Appraisal First, Inc. will provide you with a statement regarding the value of your home. The cost of the appraisal can usually be recovered 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 for divorce settlements
A divorce is a particularly daunting ordeal for the parties involved, and it is often even more complicated by the difficult decision of who keeps the property. So both parties are completely aware of the true market value of their property, it's a good idea to order an appraisal from Appraisal First, Inc., regardless of the situation.
If the parties wish to sell the home, they'll have a clearer picture of what price to set. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.
Fair and accurate estate liquidation
The death of a loved one is a hard 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. We guarantee the fullest 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 handle these issues, unlike wealthier individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.
Move to or from Greene County through an employee relocation program
We understand the stress associated 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 remarks on the positive features of their property, as well as information about any new sales or listings in their neighborhood that they want considered during our thorough inspection.
Sell your home promptly — at an accurate price
A professional appraisal can help you make a more informed decision regarding your asking price, whether you decide to sell your home on your own or with the help of a real estate agent. 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 depend on our efforts to finish the appraisal report.
On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, getting a professional appraisal is a trusted 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.