Frequently Asked Questions (FAQ)
What does a appraiser do?
An appraiser forumlates a professional, unbiased assessment of market value, in the support of real estate sales in your neighborhood. Appraisers illustrate their findings in appraisal reports.
Reasons for a appraisal
- To obtain a loan.
- To lower your property taxes.
- To build a case for a homeowner’s equity and remove PMI.
- To fight inflated property taxes.
- To handle an estate.
- To give you a negotiating tool when purchasing real estate.
- To find a likely price when listing your home.
Purchase
Refinace
Why I need a appraisal?
Any time the value of your home or other real property is being used to make a significant financial decision, an appraisal helps. If you’re selling your home, an appraisal will help you determine the most appropriate price. When buying, be sure you’re not overpaying by commissioning an independent appraisal. If you’re engaged in an estate settlement or divorce, it ensures that property is divided fairly. A home is often the single, largest financial asset anybody owns. Don’t make decisions in the dark with a professional appraisal.
Where do appraisers get their information?
The appraiser gets his or her information from a wide variety of sources, including the local Multiple Listing Service, local tax assessors records, local real estate professionals, county courthouse records, private public record data vendors, interviews with sellers and buyers, appraisal data co-operatives and his or her own personal knowledge or office files from previous appraisals. The quality and reliability of each piece of information is considered by the appraiser.