Let Coats Valuation Group, LLC serve your appraisal needsTo many, an appraisal just looks like a line item on the settlement sheet for a mortgage or refinance. Even though there are a developing number of automated home valuation processes that may appear to be more economical than an appraisal, almost all lenders still call in a local expert because the stakes are incredibly high. You might think that obtaining a mortgage is the only basis for getting an appraisal, but there are additional instances when the services of a certified, independent real estate professional might be beneficial. 
Eliminating PMI for mortgage paymentsPrivate Mortgage Insurance, or PMI, is an added insurance plan that most lenders ask home buyers to buy when the amount being loaned to the buyer is more than 80% of the actual value of the real estate. Seeing that added payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfortunate. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to dismiss the PMI installments when the loan-to-value ratio conditions have been met. If you'd like to get rid of PMI, Coats Valuation Group, LLC can give you a statement regarding the value of your home. The price you paid for the appraisal can usually be recovered in a short amount of time because you'll no longer be paying the PMI. Get your appraisal from Coats Valuation Group, LLC Order onlineAscertain a fair and accurate valuation for estate liquidationThe loss of a loved one is a difficult 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. We ensure the maximum degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP). Unlike many wealthy individuals, most Americans do not have dedicated estate planners or executors to manage these affairs. And seeing that 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 essential importance to ensuring disputing parties walk away knowing they've gotten an honest deal. Close on your home promptly — for the right priceA professional appraisal can help you make a better educated decision regarding your selling price, whether you choose to sell your home on your own or with the help of a real estate agent. An appraiser has no vested interest in what amount the house sells for, apart from real estate agents. Our fees depend on our efforts to complete the appraisal report and and aren't related to the sales price. We analyze 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 properties are on the market. So, obtaining 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. 
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