Other Reasons For Ordering an Appraisal

There are many reasons for an appraisal. The following would be just one example;

• An appraisal would be recommended for the purchase or sale of a home. There are many people with a vested interest in the purchase and or sale. For example,
  • The realtor whom earns a commission off the sale or purchase of the home\
  • The seller, if applicable, who wants the best price possible for his home
  • The city/town or county that charges taxes on the home and property
  • The bank which gets the mortgage
  • The buyer, if applicable, who wants the best value for a home
• Directly and indirectly, there are many involved and each with their own agenda. With changing property values, and market trends, an appraisers experience would be valuable.
• The appraiser’s job is to determine the market value of any home or property so that you know the value of what you are buying or selling. You can be assured that the appraiser will:
  • provide an objective opinion
  • will have the appropriate education and training required
  • adhere to a professional set of values and standards
  • inform you what the market value of a residence should be