Why you should get an appraisal

Year after year, thousands of people in New Jersey buy, sell or refinance their home. Many of these transactions consist of a simple line item for an appraisal. Almost all lenders still call for a local expert because the stakes are very high, even though there are an increasing number of automated home valuation processes that might seem less expensive than an appraisal. Is getting a mortgage the only reason to get an appraisal? Are there also instances when the services of a licensed, independent real estate professional could be helpful? Of course there are.

Let Gold Coast Appraisal Group LLC assist you in lowering your mortgage payment

Contest your tax assessment in Bergen County

If you live in an area where the property value has declined, it's possible you're paying too much in property taxes. When building your case, an appraisal from us is your best evidence. We're qualified to assist you in appealing your tax assessment.

Eliminate PMI to lower your mortgage payment

When the amount being loaned to the home buyeris more than 80% of the actual value of the real estate, almost all lenders ask home owners to take out this supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is soon forgotten. PMI isn't necessary when the remaining 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 invoked a law in 1998 (the Homeowners Protection Act of 1998) requiring lenders to do away with the PMI installments 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 expense of the appraisal can often be regained 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 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 an especially daunting event for both parties. Regardless of the circumstances, it's a good idea to get an appraisal from Gold Coast Appraisal Group LLC so both parties are entirely aware of the true market value of their house.

The parties will have a better idea 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 assessment.

Ascertain 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 calls for 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 fullest degree of discretion.

Unlike wealthier individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an uneven 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.

Move to or from Bergen County through an employee relocation program

We are familiar with 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 feedback on the positive features of their property, along with information about any new sales or listings in their neighborhood that they want considered during our detailed inspection.

Sell your home quickly — for an accurate price

Whether you want 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. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. 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 things like an additional bathroom or a kitchen remodel can make. Getting 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, because we're experts in knowing how long homes are one the market.

Let Gold Coast Appraisal Group LLC assist you in selling your home quickly at the right price