Reasons someone would call Gold Coast Appraisal Group

To a lot of us, an appraisal just looks like another cost in the long list of items for a home sale or refinance. Even though there are a multiplying number of automated home valuation methods that may appear to be more practical than an appraisal, practically all lenders still call in a local expert because the stakes are incredibly high. You might assume that getting a mortgage is the only reason you should get an appraisal, but there are other instances when the services of a certified, independent real estate professional could be beneficial.


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Let Gold Coast Appraisal Group help you appeal your tax assessment in Bergen County

It's likely you're paying too much in property taxes if you live in an area where property values have declined. Ad Valorem taxes are based upon a previous assessment of your home, so if values are less than what they used to be in your neighborhood, you can challenge your assessment and save money. When building your case, an appraisal from Gold Coast Appraisal Group is your best evidence. At Gold Coast Appraisal Group, we're equipped to assist you in challenging your tax assessment.

PMI removal will lower your mortgage payment

When the amount being loaned to the homeowner is more than 80% of the actual value of the home, most lenders ask buyers to take out an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This added payment is often bundled into the monthly mortgage payment and is soon forgotten. This is unfavorable because PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - dips below the 80% level. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.

If you'd like to do away with PMI, Gold Coast Appraisal Group will provide you with a statement regarding the value of your home. The expense of the appraisal can often be regained in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Gold Coast Appraisal Group

A divorce can be an especially traumatic experience for both parties, and it is often even more complicated by the challenging decision of who gets the property. It's a good idea to get an appraisal from Gold Coast Appraisal Group so both parties are entirely 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 if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Fair and accurate estate liquidation

The loss of a loved one is a hard time in life, and settling an estate from a death, or probate, often calls for an appraisal to establish Market Value for the real estate involved. We guarantee the fullest 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 take care of these matters, unlike wealthy individuals. And since a home or other property often makes up an uneven share of the total estate value, knowing the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten an honest deal.

Relocating to or from Bergen County

We understand the headaches involved with an employee relocation. That's why we take great care in organizing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide input 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 intensive process.

Selling your home quickly at the right price with an appraisal from Gold Coast Appraisal Group

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 asking price. Separate 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 depend on our efforts to finish the appraisal.

We determine 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 homes are on the market. So, obtaining 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.