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Reasons for an Appraisal

Other Reasons to Order an Appraisal

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Reasons for an Appraisal

There are many reasons to obtain an appraisal. The most common reason is for a real estate or mortgage transaction, but we have compiled a list of other reasons you may need to order an appraisal.

• To obtain a loan
• To lower your tax burden
• To establish the replacement cost for insurance
• To contest high property taxes
• To settle an estate
• 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
• To allow you to obtain a qualified appraisal report
• To satisfy a government agency requirement such as the IRS
• To use in a lawsuit