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WHY YOU MAY NEED A REAL ESTATE APPRAISAL

Every year, countless people in the United States, Nationwide buy, sell or refinance their version of the “American Dream” . Most, if not all, of these transactions include a form of an appraisal. It has become a necessary part of a real estate transaction. Bringing in an expert to make sure you are not spending too much on a property, or selling one for too little is often a valuable decision.
These are not the only reasons to get a Real Estate appraisal. There other times when you may need the services of a professional independent Real Estate appraiser .

Seeking a professional appraisal can often help homeowners make the best decisions on investing in their homes and setting a fair market sales price. Appraiser fees may be based on efforts, required knowledge and the certifications it takes to complete the report and not based on a percentage of the sales price.

Are You Selling a Home?

Whether you choose to sell your home on your own or you are going to hire a Real Estate Broker/Agent, a professional appraiser can help you make an educated decision when determining your selling price.

Improvements to add some extra value

When you are thinking of selling your home, there are numerous decisions to be made. The very first and most important: How much should your property sell for? Often there may be other equally important questions to ask yourself .Some examples could be: Should you paint the entire house before you sell it ? Should you complete your kitchen remodeling? What about putting in that third bathroom? Many things which we do to our homes have an effect on their value. Unfortunately, not all of them have a monetary return effect. While a kitchen remodel may improve the appeal of a home, it may not add nearly enough to the value to justify the expense. (Often it has been rumored that indoor improvements give you more bang for you buck then outdoor upgrades.)

The Purchase of a Home

One of the most important issues involved in purchasing Real Estate is a valuation of what the property is worth so that you can make an informed offer to purchase the property. A professional unbiased appraisal report performed by a qualified appraiser can provide you with an objective, unbiased third party valuation of a property's current Market Value.

Refinancing or to Get a Home Equity Loan

If you need to consolidate bills, possibly have a college tuition to pay down or off, or you may want to tap into the equity of your home. You will need a new loan. Most often this requires a new appraisal of your property.

Relocation

Appraisers most often will take great care in establishing a convenient appointment time for a relocation appraisal. During a thorough inspection, many Appraisers encourage relocating employees to provide input on the positive attributes of their property along with information about any recent sales or listings in their neighborhood that they want considered.

An Estate Liquidation

The loss of a loved one is a difficult time in life. Settling an Estate from a death, or probate, most often requires an appraisal to establish what is the current Fair Market Value for the residential property involved. Under these circumstances a Real Estate appraiser can help. Often one of the first steps in the fair liquidation of an estate is to understand its true market value. Where Real Estate is involved, the appraiser can help determine the true unbiased value. At this point, equitable arrangements can more easily be arrived at among disputing parties. Everyone can walk away knowing they've received a fair deal.

Family Separation Settlement

A family separation can be a particularly difficult experience for both parties and is often further complicated by the decision of "Who’s going to get the house?“ It is a good idea to order separate appraisals for each individual involved to be fully aware of the true market value.
If the parties want to sell the home, they'll have a better idea of what price to set. On the flipside, if a "buyout" is the chosen option, both parties will feel like they have gotten a fair assessment.

PMI Removal, and a Reversed Mortgage are also reasons one may seek an Appraisal.

For the small price of a Professional Appraisal Service, you can give yourself the “peace of mind” we all want prior to making an offer to purchase you're “American Dream ” , or a fair market value in the event of a Residential Property Sale.