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TRUSTED BY RIVERVIEW, MO HOMEOWNERS

  • Average homeowner rating star icon4.4
    Average homeowner rating
  • Verified reviews icon20
    Verified real estate services reviews

Find Real estate agents in Riverview

Avatar for Akrivis Real Estate Valuations
Akrivis Real Estate Valuations
4.3(
68
)
Appraisal - Real Estate

Serving Riverview, MO and surrounding areas

Approved (Corporate)

In business since 2018

Credit card accepted

Offers commercial services

"David was responsive and answered my questions in detail. Great experience working with them. Just wanted a third party opinion on a property before selling, which is exactly what I received. Miranda (person who came to property) was communicative and nice to work with."
Restaurant
Response time5 hrs
Response rate89%
1308 neighbors recently requested a quote
Avatar for The August Group, Inc. Ltd.
The August Group, Inc. Ltd.
4.7(
6
)
Appraisal - Real Estate

Serving Riverview, MO and surrounding areas

Approved

In business since 1999

Free estimates

Credit card accepted

"Jeff was fantastic to work with. I had a very tight deadline to meet, and I went with Jeff from the August Group because he said he would meet the tight deadline. He met the deadline with time to spare, and wrote an extremely comprehensive and accurate appraisal. I could not be happier. I will use the August Group for any and all appraisals I need done on my properties in the future."
Bungalow
A+ Accredited Business
Response time7 hrs
4 neighbors recently requested a quote
Recommended by100%of homeowners
Avatar for Marketplace Housing
Marketplace Housing
4.3(
11
)
Appraisal - Real Estate

Serving Riverview, MO and surrounding areas

In business since 2003

Free estimates

Emergency services offered

"Office staff is always available for help. No job is too small or too big. They are responsive to our needs for service requests from roofing to foundations. All aspects of home repairs have been done professionally and in a timely manner. I would recommend Marketplace Homes for all your property management needs regarding property repairs and maintenance."
Recommended by77%of homeowners
Avatar for STL Pest Control
STL Pest Control
5.0(
5
)
Appraisal - Real Estate

Serving Riverview, MO and surrounding areas

In business since 1989

Free estimates

Emergency services offered

"We had to do several months of treatment, as we bought an old home in Benton Park in the city that had been totally gutted/renovated and hadn't recently been occupied. There was a pretty bad brown recluse problem that Steve actually identified in our neighbor's unit (it's a town home) and she was the one to alert us that the spiders might be brown recluses. Steve set traps all throughout our house (which is what he used to ID the brown recluses), and came once per month for 3-4 months until they were gone. Now we're doing quarterly appointments to stay on top of them. Steve was wonderful to work with. He was very thorough and professional, and we would definitely recommend his services!
"
Recommended by100%of homeowners
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Real Estate Agents questions, answered by experts

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

If a home's appraised value comes in lower than the offer price, it can create complications with financing. Lenders typically won't issue a loan for more than the property's market value, as this can push the loan-to-value (LTV) ratio too high and may prevent the loan from being approved. Your options depend on whether your purchase agreement includes an appraisal contingency. If there is no contingency, both parties may be locked into the deal, meaning the buyer pays more than the appraised value. If a contingency exists, the buyer can usually renegotiate the price or withdraw from the deal. If a buyer still wishes to proceed, they can try to negotiate a lower price, increase their down payment to cover the difference, or get a second appraisal.

As a seller, it might feel tempting to skip the appraisal, especially in a hot market that sees a lot of all-cash offers. While you can technically forgo it and hope for an all-cash offer, you’ll likely have a very tough time selling without an appraisal. 

In addition to protecting lenders from risk, appraisals also protect buyers’ investments. As such, it isn’t typically recommended for buyers to skip appraisals.

While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

If the sales agreement has a clause that allows the seller to renegotiate based on the appraised value, then they might be able to back out if the appraisal comes in higher than your offer price. If the agreement doesn’t have that language, then the seller has no legal recourse to back out. They could hold a higher offer as a backup and move onto that one if yours falls through for any reason, but once the agreement is signed, the seller is locked into that purchase price unless there’s a clause stating they can renegotiate.

The Riverview, MO homeowners’ guide to real estate services

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