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Reasons to get an appraisal

Every year, thousands of people in Missouri purchase, sell or refinance their home. Many of these transactions have a simple line item for an appraisal. Even though there are a developing number of automated home valuation methods that may seem more economical than an appraisal, the majority of lenders still call for a local expert because the stakes are so high. You might think that securing a mortgage is the only reason you should get an appraisal, but there are more cases when the services of a licensed, independent real estate professional could be helpful.

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Challenge 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. When building your case, an appraisal from us is your best evidence. We can assist you in appealing your tax assessment.

PMI removal to reduce your mortgage payment

When the amount being loaned to the homebuyeris more than 80% of the actual value of the home, almost all lenders ask homebuyers to buy this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this additional payment is folded into the monthly mortgage payment and is promptly forgotten. This is unfortunate because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to remove 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 give you a statement regarding the value of your home. The price you paid for the home valuation can usually be offset in little time because you'll no longer be paying the PMI.

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Divorce settlement with less stress

A divorce is an especially daunting experience for the parties involved, and it is often more complicated by the difficult decision of who keeps the home. It's a good idea to get an appraisal from Appraisal First, Inc. so both parties are completely aware of the true market value of their home, regardless of the situation.

If the parties need 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 evaluation.

Determine an accurate and fair valuation for estate liquidation

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often requires 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 fullest degree of discretion.

Unlike wealthy individuals, most Americans do not have dedicated estate planners or executors to handle these issues. And since a home or other property often makes up an unequal share of the total estate value, understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've received an honest deal.

Move to or from Greene County through an employee relocation program

We are aware of the headaches associated with an employee relocation. We take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive inspection, we encourage relocating employees to provide input on the positive features of their property, as well as information about any current sales or listings in their area that they want considered.

Sell your home quickly — at the right price

A professional appraisal will help you make a more informed decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. Apart from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to finish the appraisal report and and aren't related to the sales price.

We examine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long housesstay on the market. So, getting a professional appraisal is a trusted 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.

Let Appraisal First, Inc. help you sell your home quickly at the right price