Why you should order an appraisal from Gold Coast Appraisal Group LLCEach year, thousands of people in New Jersey purchase, sell or refinance their home. Most of these transactions have a simple line item for an appraisal. Most lenders still want a local expert because the stakes are very high, even though there are a budding number of automated home valuation methods that might seem more economical than an appraisal. You might assume that obtaining a mortgage is the only reason to get an appraisal, but there are more situations when the services of a certified, independent real estate professional could be helpful. 
Contest your tax assessmentIf you are in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We can assist you in challenging your tax assessment. Eliminate PMI to lower your mortgage paymentWhen the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, most lenders ask homeowners to buy this extra insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often bundled into the monthly mortgage payment and is quickly forgotten. This is bad because PMI becomes unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the United States Congress implemented a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met. If you'd like to do away with PMI, Gold Coast Appraisal Group LLC can give you a statement regarding the value of your home. The price you paid for the appraisal can often be recovered in just a few months because you'll no longer be paying the PMI. Get your appraisal from Gold Coast Appraisal Group LLC Order onlineGet a clear valuation on a home take make a divorce settlement less stressfulA divorce can be a particularly daunting ordeal for both parties, and it is often further complicated by the burdensome decision of who keeps the home. It's a good idea to get an appraisal from Gold Coast Appraisal Group LLC so both parties are fully aware of the true market value of their home, regardless of the circumstances. If the parties want to sell the home, they'll have a clearer picture 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 assessment. Accurate and fair estate liquidationLosing a loved one is a difficult time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Fair Market Value for the real estate 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). Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to manage these matters. A home or other property often makes up a disproportionate share of the total estate value, so knowing the true worth of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal. Relocate to or from Bergen County through an employee relocation programEmployee relocation is a stressful event, and we understand. We take great care in organizing an accommodating appointment time for the appraisal inspection. During our thorough inspection, we encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any new sales or listings in their area that they want considered. Sell your home promptly — at an accurate priceA professional appraisal can help you make a better educated decision when determining your selling price, whether you want to sell your home on your own or use the assistance of a real estate agent. Apart from 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 complete the appraisal report. We analyze the difference in value items 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 decide 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. 
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