When Should I Consider Getting an Appraisal?

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.