Knowledge is Power

When Should I Consider Getting an Appraisal?

2/2/2024

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:

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.
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.
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.
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.
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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When Should I Consider Getting an Appraisal?

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