CPAs and Attorneys
An appraisal is a valuation tool used by attorneys to verify a property's worth for dissolution of a marriage, property taxes, debt relief, bankruptcy, foreclosure, probate, land use, eminent domain, and a great deal more. They rely upon a qualified independent real estate appraiser to guide them in their decisions.
Choosing an Appraiser
If you have been thinking about purchasing a real estate property for personal use or as an investment, you’ll need to hire the services of a real estate appraiser. If you play to finance your home through a bank or other lender, you’ll more than likely need to get the property appraised first. Banks and most lenders want to know the value of the home for your protection, as well as make sure that the home they are financing is worth the total amount that you take on the loan.
If you are planning to sell your home, seeking to purchase a brand-new house, aiming to identify highest and best use for your residence, drop your PMI, determine financial investment value or equity, resale ideas or more; it might be a sensible decision to make a small investment in an expert appraisal.