Why would you need an appraisal from Augustine, Inc.?

To many, an appraisal just looks like a line item in the long list of items for a mortgage or refinance. And even though there are a developing number of automated home valuation methods that might appear less expensive than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. But is obtaining a mortgage the only reason to get an appraisal? Are there other cases when the services of a certified, independent real estate professional might be helpful? Absolutely.

For real estate appraisals in Cincinnati and Hamilton County, it's easiest when your order online from Augustine, Inc., just click here.

Let Augustine, Inc. help you appeal your tax assessment in Hamilton County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are determined by a previous assessment of your home, so if values are less than what they used to be in your area, you can challenge your assessment and save money. When building your case, an appraisal from Augustine, Inc. is your best evidence. At Augustine, Inc., we're equipped to assist you in challenging your tax assessment.

PMI removal will lower your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the home, most lenders ask home buyers to purchase an supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually folded into the monthly mortgage payment, it is often forgotten. This is unfavorable because PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - falls below the 80% level. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to remove the PMI payments when the loan-to-value ratio conditions have been met.

Augustine, Inc. will provide you with a statement regarding the value of your home, and the expense of the appraisal can usually be regained in a short amount of time because you'll no longer be paying the PMI.

An appraisal from Augustine, Inc. will help you settle a divorce with less stress

A divorce is a very heartbreaking event for the parties involved, and it is often more complicated by the hard decision of who maintains the property. It's a good idea to get an appraisal from Augustine, Inc. so both parties are entirely aware of the true market value of their home, regardless of the circumstances.

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

Settling an estate with peace of mind

The death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the residential property involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the fullest degree of discretion.

Most Americans don't have dedicated estate planners or executors to manage these affairs, unlike wealthy individuals. A home or other property often makes up a disproportionate share of the total estate value, so knowing 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.

Augustine, Inc. can help you with relocating to or from Hamilton County

We know the headaches associated with an employee relocation. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive process, we recommend employees that are moving to provide feedback on the positive characteristics of their property, as well as information about any current sales or listings in their neighborhood 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 asking price, whether you want to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, which is different than the interest of real estate agents. Our fees are calculated on our efforts to complete the appraisal report and not a percentage of the sales price.

We determine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long houses are on the market. So, obtaining a professional appraisal is a reliable way to determine 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.