Reasons for Appraisals

There are many reasons to obtain an appraisal. The most common reason is for a real estate or mortgage transaction, 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 for 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
  •     To satisfy a government agency requirement such as the IRS
  •     To use in a lawsuit