Why you should get an appraisalThousands of people in Missouri purchase, sell or refinance their home every month. Most of these transactions involve a simple line item for an appraisal. The majority of lenders still want a local expert because the stakes are very high, even though there are an increasing number of automated home valuation methods that may appear more cost-effective than an appraisal. You might think that getting a mortgage is the only basis for getting an appraisal, but there are additional times when the services of a licensed, independent real estate professional might be beneficial. 
Contest your tax assessmentIt's probable you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if prices have declined in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. At MVP Appraisal Group, we're qualified to assist you in disputing your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the buyeris more than 80% of the actual value of the property, almost all lenders ask homebuyers to purchase this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. Most often, this added payment is folded into the monthly mortgage payment and is promptly forgotten. PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress requiring lenders to remove the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, MVP Appraisal Group will produce a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in little time because you'll no longer be paying the PMI. Order your appraisal from MVP Appraisal Group today Order onlineDivorce settlement with less stressA divorce is often complicated by the challenging decision of who maintains the home, and it can be an especially daunting experience for both parties. It's a good idea to get an appraisal from MVP Appraisal Group so both parties are completely aware of the true market value of their property, regardless of the circumstances. If the parties want to sell the home, they'll have a better 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 gotten a fair evaluation. Accurate and fair estate liquidationThe loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Fair Market Value for the residential property involved. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Most Americans don't have dedicated estate planners or executors to handle these matters, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so 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. Relocate to or from Saint Charles County through an employee relocation programWe know the headaches associated with an employee relocation. That being said, we take great care in organizing a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide input on the positive features of their property, as well as information about any new sales or listings in their area that they want considered during our detailed inspection. Close on your home promptly — at the right priceWhether you decide to sell your home on your own or with the help of a real estate agent, a professional appraisal can help you make a more informed decision when determining your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees aren't a percentage of the sales price, but rather they are based on our efforts to complete the appraisal report. We analyze the difference in value things like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long homesare 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 an unnecessarily long time. 
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