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