Reasons for a Property Assessment – Your Home is your Biggest Asset.
If you’re like most people, your home is your biggest asset. You want to be confident that the money you’ve put into your home offers the best possible return for you and your family and that your investment is protected. But do you know how much your home is really worth? Without the help of a qualified appraiser, it can be hard to determine.
An appraisal answers one or more specific questions about a real estate parcel’s value, marketability, usefulness or suitability. The role of an appraiser is to provide an objective, impartial and unbiased property assessment about the value of real property – providing assistance to those who own, manage, sell, invest in and/or lend money on the security of real estate.
The most common type of appraisal assignment is the development of an opinion of market value. However, because of their specialized training and experience, appraisers can provide a wide range of additional appraisal services – from investment consultation to advice on various businesses as well as personal finance decisions. Appraisals may be requested to:
- Primary and Secondary Mortgages
- Mortgage Refinance / Home Equity
- For-Sale-By-Owner (FSBO) / Pre-Listing Services
- Appraisal Reviews
- Challenge Property Tax
- Commercial Property
- Divorce Settlements
- Estate Planning Valuations
- Expert Witness
- FHA / HUD Property Valuations
- Employee Relocations (ERC)
- REO / Foreclosure
- Reverse Mortgage
- Employee Relocation (ERC)
- Private Mortgage Insurance Removal