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Why are the majority of appraisals obtained?

 

In brief, the reasons to order an appraisal:

  • because a lender requires it,
  • to lower your tax burden,
  • to help you make one of the largest financial decisions in your life,
  • to provide a negotiating tool when purchasing real estate,
  • to determine a reasonable price when selling real estate,
  • to protect your rights in a condemnation case and
  • to allow you to obtain a qualified appraisal report from a qualified appraiser.
  • because a government agency such as the IRS requires it or because you are involved in a lawsuit.