Reasons to order an appraisal from Gold Coast Appraisal Group LLC

To a lot of people, an appraisal just looks like a line item in the long list of items for a home sale or refinance. Almost all lenders still need a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation methods that may appear less expensive than an appraisal. Is obtaining a mortgage the only reason to acquire an appraisal? Are there more times when the services of a licensed, independent real estate professional might be beneficial? Of course.

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Challenge your tax assessment in Bergen County

It's possible you're paying too much in property taxes if you live in an area where property values have declined. Property taxes are based upon a past assessment of your house, so if prices are less than what they used to be in your neighborhood, you can appeal your assessment and save money. An appraisal from Gold Coast Appraisal Group LLC is your best evidence when building your case. We're qualified to assist you in disputing your tax assessment.

Removing PMI for mortgage payments

When the amount being loaned to the buyeris more than 80% of the actual value of the property, almost all lenders ask homeowners to take out this additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Very often, this extra payment is folded into the monthly mortgage payment and is quickly forgotten. PMI is no longer required when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark, making this very unfavorable. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI payments when the loan-to-value ratio conditions have been met.

Gold Coast Appraisal Group LLC can produce a statement regarding the value of your home, and the price you paid for the appraisal can usually be offset in a short amount of time because you'll no longer be paying the PMI.

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Get a clear valuation on a home for divorce settlements

A divorce is often complicated by the challenging decision of who maintains the house, and it can be a very traumatic experience for both parties. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Gold Coast Appraisal Group LLC, regardless of the circumstances.

The parties will have a clearer picture of what price to set, if they want to sell the home. And if a "buyout" is the chosen option, both parties will feel like they've gotten a fair assessment.

Determine an accurate and fair valuation for estate liquidation

The death of a loved one is a painful time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair 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).

Most Americans don't have dedicated estate planners or executors to handle these issues, unlike wealthy individuals. A home or other property often makes up an uneven share of the total estate value, so knowing the true worth of the real estate at hand is of vital importance to ensuring disputing parties leave knowing they've gotten a fair deal.

Move to or from Bergen County for work

Employee relocation is a stressful event, and we understand. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive characteristics of their property, along with information about any current sales or listings in their area that they want considered during our thorough inspection.

Close on your home quickly — at an accurate price

Whether you choose 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 price the house sells for. Our fees aren't related to the sales price, but rather they are based on our efforts to finish the appraisal report.

On a daily basis, we determine the difference in value items like an additional bathroom or a kitchen remodel can make. And we're experts in knowing how long homesare on the market. So, obtaining a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate 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 Gold Coast Appraisal Group LLC assist you in selling your home quickly at the right price