Ordering an appraisal from Lamar Appraisal Services LLCThousands of people in Missouri purchase, sell or refinance their home each month. A lot of these transactions consist of a simple line item for an appraisal. The majority of lenders still call in a local expert because the stakes are very high, even though there are a growing number of automated home valuation methods that may appear to be cheaper than an appraisal. But is obtaining a mortgage the only reason to get an appraisal? Are there additional instances when the services of a licensed, independent real estate professional could be beneficial? Of course.
Dispute your tax assessment in Greene CountyIt's likely you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are determined by a past assessment of your house, so if prices have gone down in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Lamar Appraisal Services LLC is your best evidence. At Lamar Appraisal Services LLC, we're qualified to assist you in disputing your tax assessment.
Removing PMI will lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask home owners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the real estate. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. This is damaging because PMI is no longer required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.
Lamar Appraisal Services LLC can give you a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in little time because you'll no longer be paying the PMI.
An appraisal from Lamar Appraisal Services LLC will help you settle a divorce with less stressA divorce can be a very traumatic ordeal for both parties, and it is often more complicated by the challenging decision of who keeps the property. Regardless of the circumstances, it's wise to get an appraisal from Lamar Appraisal Services LLC so both parties are completely aware of the true market value of their home.
If the parties want 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 assessment.
Settling an estate with peace of mindThe loss 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 Market Value for the real estate 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).
Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these affairs. And since a home or other property often makes up a disproportionate share of the total estate value, knowing the correct value of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten an honest deal.
Let Lamar Appraisal Services LLC assist you in relocating to or from Greene CountyWe understand the headaches involved with an employee relocation. We take great care in organizing a convenient appointment time for the appraisal inspection. During our detailed process, we suggest relocating employees to provide remarks on the positive attributes of their property, as well as information about any current sales or listings in their neighborhood that they want considered.
Let Lamar Appraisal Services LLC help you sell your home quickly at the right priceA professional appraisal can help you make a more informed decision regarding your asking price, whether you want to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete 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 homes stay on the market. So, 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 for an extended amount of time.