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APPRAISALS
• Appraisal Basics
• Appraisal Methods
• When To Order An Appraisal
• Appraisal To Establish House Market Price
• Appraisal Needed To Obtain Loan
• Helping The Appraiser
<< Back to Mortgage Basics
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.
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