more appraisal topics

Reasons For An Appraisal


There are many reasons to obtain an appraisal. The most common reason is for Real Estate and Mortgage Transactions, but we have compiled a list of other reasons you may need to order an appraisal:

  • 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 help you make one of the largest financial decisions in your life.
  • 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.
  • to allow you to obtain a qualified appraisal report.
  • because a government agency such as the IRS requires it.
  • you are involved in a lawsuit.