Why you should get an appraisal

Thousands of people in New Jersey buy, sell or refinance their home every year. Most of these transactions have a simple line item for an appraisal. Nearly all lenders still need a local expert because the stakes are so high, even though there are a developing number of automated home valuation methods that might appear more cost-effective than an appraisal. You might assume that obtaining a mortgage is the only basis for getting an appraisal, but there are additional times when the services of a licensed, independent real estate professional could come in handy.

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

Contest 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 declined. Ad Valorem taxes are based upon a past assessment of your home, so if values have gone down in your neighborhood, you can challenge 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 appealing your tax assessment.

Getting rid of your PMI for mortgage payments

When the amount being loaned to the homebuyeris more than 80% of the actual value of the real estate, most lenders ask home owners to take out this supplemental insurance policy. That policy is Private Mortgage Insurance, or PMI. Seeing that extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI isn't necessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases 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) requiring lenders to eliminate the PMI payments when the loan-to-value ratio conditions have been met.

If you'd like to eliminate PMI, Gold Coast Appraisal Group LLC will provide you with a statement regarding the value of your home. 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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Get a fair valuation on a home take make a divorce settlement less stressful

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

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

Determine a fair and accurate 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 entails an appraisal to establish Fair Market Value for the residential property involved. We ensure the utmost 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 matters, unlike wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so understanding the true worth of the real estate at hand is of vital importance to ensuring disputing parties walk away knowing they've received a fair deal.

Relocate to or from Bergen County through an employee relocation program

We are aware of the headaches involved with an employee relocation. That's why we take great care in setting up a convenient appointment time for the appraisal inspection. We encourage relocating employees to provide remarks on the positive characteristics of their property, along with information about any current sales or listings in their neighborhood that they want considered during our detailed inspection.

Sell your home quickly — at an accurate price

Whether you decide 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 regarding your asking price. Unlike a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees rest on our efforts to complete the appraisal report and not a percentage of the sales price.

On a daily basis, we determine the difference in value things like an additional bathroom or a kitchen remodel can make. Obtaining a professional appraisal is a trusted 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, because we're experts in knowing how long houses are one the market.

Let Gold Coast Appraisal Group LLC help you sell your home quickly at the right price