Coastal Residential Appraisals LLC provides dependable and accurate appraisals in Northwest Ohio. With both a state certified residential appraiser and a state licensed residential appraiser, we have the education and qualifications to provide the type of reliable home values that banks and major lending institutions require for home loans. And with years of experience behind us, we are prepared to handle a variety of property types.
Our investment in technology means faster turn times for you and lower costs for everybody. We take pride in providing personalized customer service whether we are on the phone, sending e-mail or communicating through this website which you can use 24/7 for placing orders, checking status or downloading completed reports. Thanks for taking time to visit Coastal Residential Appraisals LLC.
If you have any questions, don't hesitate to contact us.
Our investment in technology means faster turn times for you and lower costs for everybody. We take pride in providing personalized customer service whether we are on the phone, sending e-mail or communicating through this website which you can use 24/7 for placing orders, checking status or downloading completed reports. Thanks for taking time to visit Coastal Residential Appraisals LLC.
If you have any questions, don't hesitate to contact us.
Services
A home purchase is the largest, single investment most people will ever make.
Whether it's a primary residence, a second vacation home or an investment, the purchase of real property is a complex financial transaction that requires multiple parties to pull it all off.
Most of the people involved are very familiar.
The Realtor is the most common face of the transaction.
The mortgage company provides the financial capital necessary to fund the transaction.
The title company ensures that all aspects of the transaction are completed and that a clear title passes from the seller to the buyer.
Whether it's a primary residence, a second vacation home or an investment, the purchase of real property is a complex financial transaction that requires multiple parties to pull it all off.
Most of the people involved are very familiar.
The Realtor is the most common face of the transaction.
The mortgage company provides the financial capital necessary to fund the transaction.
The title company ensures that all aspects of the transaction are completed and that a clear title passes from the seller to the buyer.
Every year, countless people in the United States buy, sell or refinance their own slice of the American Dream.
Most, if not all, of these transactions include a simple line item for an appraisal.
It has become an understood and accepted part of a real estate transaction.
But is this the only reason to get an appraisal?
Are there other times when the services of a certified, licensed, independent real estate professional might come in handy?
One of the most important issues involved in purchasing a property is developing an opinion of what it's worth so that you can make an informed offer to purchase.
Most, if not all, of these transactions include a simple line item for an appraisal.
It has become an understood and accepted part of a real estate transaction.
But is this the only reason to get an appraisal?
Are there other times when the services of a certified, licensed, independent real estate professional might come in handy?
One of the most important issues involved in purchasing a property is developing an opinion of what it's worth so that you can make an informed offer to purchase.
A review appraisal should ascertain: whether the original appraisal or evaluation is relevant for the transaction, the liability inherit in the transaction, and whether the methods by which the collateral valuation is rendered ensures independence and quality.
They must also announce whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the depth of the appraisal assignment.
Lastly, the Federal Reserve notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
They must also announce whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the depth of the appraisal assignment.
Lastly, the Federal Reserve notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
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