Reasons to get an appraisal

To many, an appraisal just looks like one more thing in the long list of items for a home sale or refinance. Practically all lenders still call in a local expert because the stakes are incredibly high, even though there are a multiplying number of automated home valuation methods that might seem more practical than an appraisal. Is getting a mortgage the only basis for getting an appraisal? Are there other instances when the services of a licensed, independent real estate professional might be beneficial? You bet.

Let Gold Coast Appraisal Group LLC help you lower your mortgage payment

Challenge your tax assessment

It's quite possible you're paying too much in property taxes if you reside in an area where property values have depreciated. Property taxes are determined by a previous assessment of your house, so if prices have gone down in your area, you can challenge your assessment and save money. An appraisal from Gold Coast Appraisal Group LLC is your best evidence when building your case. At Gold Coast Appraisal Group LLC, we're equipped to assist you in disputing your tax assessment.

PMI removal to reduce your mortgage payment

Private Mortgage Insurance, or PMI, is a supplemental insurance plan that almost all lenders ask buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. This additional payment is often bundled into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - goes below the 80% level, making this very unfortunate. In fact, the United States Congress invoked 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 provide you with a statement regarding the value of your home, and the cost of the home valuation can usually be regained in a short amount of time because you'll no longer be paying the PMI.

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Settle a divorce with fewer hang-ups

A divorce can be a very traumatic ordeal for both parties, and it is often more complicated by the strenuous decision of who maintains the home. It's a good idea to order an appraisal from Gold Coast Appraisal Group LLC so both parties are completely aware of the true market value of their property, regardless of the circumstances.

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

Determine an accurate and fair valuation for estate liquidation

The loss 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 Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing the utmost degree of discretion.

Unlike wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these issues. And since a home or other property often makes up an unequal share of the total estate value, understanding the true worth of the real estate at hand is of significant importance to ensuring disputing parties leave knowing they've received an honest deal.

Relocate to or from Bergen County for work

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. We encourage relocating employees to provide remarks on the positive aspects of their property, as well as information regarding any new sales or listings in their area that they want considered during our detailed inspection.

Sell your home promptly — at an accurate price

Whether you want to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. An appraiser has no vested interest in what price the house sells for, apart from real estate agents. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to complete the appraisal report.

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