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When Should I Consider Getting an Appraisal?

2/2/2024

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When Should I Consider Getting an Appraisal?

Getting a real estate appraisal can be important in various situations. Common circumstances, other than mortgage/finance related transactions,
when you might consider getting a real estate appraisal include:
  1. Selling a Property: When you are selling a property, a pre-listing appraisal can help determine the fair market value which can be crucial for setting a reasonable listing price.

  2. Estate Settlement: In the case of estate settlement, an appraisal may be needed to determine the fair market value of the property for tax or distribution purposes.

  3. Property Tax Assessment Dispute: If you believe your property tax assessment is not accurate, an independent appraisal can support your case when disputing the assessment.

  4. Divorce: In divorce proceedings, property values may need to be determined for division of assets. An unbiased valuation by an independent appraiser may be required.

  5. Buying a Property Without Financing: When you are buying a property without financing, an appraisal can help determine the fair market value
    which can be crucial for making a reasonable offer to purchase. 
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Be Prepared for Your Appraisal

6/13/2023

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    Author

    Debbie Phelps
    Certified Real Estate Appraiser

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Annex Real Estate Appraisals

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405/659-1453

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