Let Gold Coast Appraisal Group LLC take care of your appraisal needs
To a lot of us, an appraisal is simply another cost in the long list of items for a home purchase or refinance. Practically all lenders still call for a local expert because the stakes are very high, even though there are a growing number of automated home valuation processes that might seem more cost-effective than an appraisal. You might believe that getting a mortgage is the only reason to get an appraisal, but there are additional instances when the services of a certified, independent real estate professional could be beneficial.
Dispute your tax assessment in Bergen County
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 home, so if prices have declined in your neighborhood, you can appeal your assessment and save money. When building your case, an appraisal from us is your best evidence. We're equipped to assist you in disputing your tax assessment.
PMI removal to reduce a mortgage payment
Private Mortgage Insurance, or PMI, is a supplemental insurance policy that nearly all lenders ask homeowners to buy when the amount being loaned to the buyer is more than 80% of the actual value of the property. This extra payment is often folded into the monthly mortgage payment and is quickly forgotten. This is unfortunate because PMI isn't necessary when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was implemented by the United States Congress that requires lenders to remove the PMI installments when the loan-to-value ratio conditions have been met.
Gold Coast Appraisal Group LLC will give you a statement regarding the value of your home, and the expense of the appraisal can generally 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 less stress
A divorce is an especially daunting ordeal for the parties involved, and it is often further complicated by the troublesome decision of who keeps the house. So both parties are entirely aware of the true market value of their property, it's a good idea to get an appraisal from Gold Coast Appraisal Group LLC, regardless of the circumstances.
The parties will have a a good idea of what price to set, if they want 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.
Accurate and fair estate liquidation
Losing a loved one is a painful time in life, and settling an estate from a death, or probate, often requires 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, ensuring the maximum degree of discretion.
Most Americans do not have dedicated estate planners or executors to take care of these issues, unlike many wealthy individuals. 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 vital importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocate to or from Bergen County for work
We know the headaches involved with an employee relocation. 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 regarding any current sales or listings in their area that they want considered during our detailed inspection.
Sell your home quickly — at an accurate price
Whether you choose to sell your home on your own or use the assistance of a real estate agent, a professional appraisal will help you make a better educated decision when determining your selling price. Apart from a real estate agent, an appraiser has no vested interest in what price the house sells for. Our fees aren't a percentage of the sales price, but rather they rest on our efforts to finish the appraisal report.
We determine the difference in value things like an additional bathroom or a kitchen remodel can make on a daily basis. Seeking a professional appraisal is a trusted way to decide what improvements will add value and what an applicable 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 properties stay on the market.