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What does an appraiser do and why would I need a home appraisal?

What does an appraiser do?  
An appraiser provides a professional, unbiased opinion of market value, to be used in making real estate decisions. Appraisers present their formal analysis in appraisal reports.


 

Why would I need a home appraisal?  
There are many reasons to obtain an appraisal with the most common reason being real estate and mortgage transactions. Other reasons for ordering an appraisal include:

  • To obtain a loan.
  • To lower your tax burden.
  • To establish the replacement cost of insurance.
  • To contest high property taxes.
  • To settle an estate.
  • To provide a negotiating tool when purchasing real estate.
  • To determine a reasonable price when selling real estate.
  • To protect your rights in a condemnation case.
  • Because a government agency such as the IRS requires it.
  • If you are involved in a lawsuit.

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Office: (310) 225-2695   Mobile: (310) 994-1699
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