Reasons to hire an appraiser!
Real estate appraising is an evaluation of property including the land, dwellings and all features on it. Although everyone knows it is necessary to appraise real estate to sell it, there are several other reasons people would contact a real estate appraiser.
1. Establish value to buy insurance.
2. Settle insurance claims.
3. Establish market value to sell a home or buy new property.
4. Establish market value to refinance or use for collateral on another loan.
5. Assess current value to get rid of obligation to buy property mortgage insurance.
6. Reduce property taxes.
7. Estate settlement
8. Division of assets to establish market value in case of divorce, dissolutions of partnerships, etc.
9. Conduct a write-away or easement appraisal.
10. Business appraisals for the purchase, liquidations, financing or estate tax settlement businesses.
Remember, real estate appraisers must be state-licensed and certified.
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