Attention homeowners in Ocean City and Worcester County: Need an appraisal?

Here are the top 7 reasons MD homeowners call on Coastal Appraisals:

  1. Pre-listing appraisals (whether they're selling the home themselves or using an agent)
  2. Challenge Worcester county's assessment of your property
  3. Remove PMI to cut their mortgage payment
  4. To reinstate your Home Equity Line of Credit (HELOC)
  5. To review a different appraiser's report for verification
  6. In the case of a MD divorce, where real estate needs to be divided
  7. Settle an estate in MD by determining the true market value of real estate in question

Own a house in or near Ocean City, MD and need help deciding the price of it?
Contact Coastal Appraisals.

We at Coastal Appraisals understand the unique needs of a customer after appraisal services. While our typical business clients understand the appraisal process and standard reporting formats, you as a consumer will get an extra level of customer service in the form of an explanation of the process and even special consumer-friendly reporting forms if the assignment allows for them.

For-Sale-By-Owner (FSBO) / Pre-Listing Services

It's very hard to be objective about your home because you probably have an emotional attachment to it. Our professional appraisers at Coastal Appraisals are objective. We won't just tell you what you want to hear, we will tell you what you need to know. In addition to helping you set a realistic price to sell at so your property will attract interested buyers, a professional appraisal is a very important negotiating tool once you have a likely buyer. It gives you something tangible to show the buyer. The appraisal is an independent third party's opinion of your house's value, not just how much you think your house is worth. Potential buyers know that you have an emotional attachment to your house and will be much more likely to give credibility to an experienced appraiser's value judgement than yours.

Need to remove PMI?

PMI stands for Private Mortgage Insurance. A fashionable way to cut costs for homeowners is to get the PMI eliminated from their mortgage loan, thus saving them money on their monthly payments. Once your mortgage loan is down below 80% of the value of your house, in most cases you can apply to a lender to have the PMI removed from your loan, which will make your monthly payments go down. At Coastal Appraisals, we're veterans in helping homeowners just like you delete unnecessary PMI insurance.

Challenge Tax Assessment

Lets say you live in a region that is declining -- your local tax assessor may have your home overvalued. That means you are going to pay more taxes than you should. Since your property assessment may likely go up again in the next period, the quicker you take care of things like this, the better. An appraisal from Coastal Appraisals is your best weapon when contesting your property tax assessment.

Was your HELOC recently frozen?

Your lender may just decide to automatically freeze your home equity line of credit (HELOC) if your property is close to a declining area -- even if your specific property has not declined in value. This can be be negative on your credit score since it may appear as though that credit line is maxed out, and also disadvantageous from a cash flow standpoint. An efficient appraisal from Coastal Appraisals can help you reinstate your HELOC.

We Offer Field and Desktop Appraisal Review Services

Have you just been given a copy of your appraisal and you would like to have an expert double-check it for preciseness or do you need a second opinion without the added expense and delay of waiting for a whole new appraisal? We can go out and check the subject and comps in question in a field review. Or, if you need it in a rush, we can provide you with a desk review and verify as many facts as we can using online data sources as well as our own files.

Do you need a retrospective review of an appraisal? Coastal Appraisals can We can assist you. While usually requested by banks, you may desire to take advantage of this service if you suspect mortgage fraud related to your house.