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Why would I need an appraisal?

There are many reasons why you might need to obtain a professional real estate appraisal. Most are related to real estate and financial transactions. Some reasons why you would need a residential appraisal include:

  • Appraisal for tax purposes
  • Property Tax valuation
  • Needing a loan
  • Estate settlement
  • Litigation

What information will an appraisal give me?

  • The estimated fair market value for your property
  • The type and definition of value being reported
  • Information on the property including maps and plans
  • Comparable sales in the region
  • Current photos of the property

What’s the difference between an Appraisal and a home inspection?

A real estate Appraisal gives you an estimate of what your home is worth in your region’s current real estate market. A home inspector will advise of the structural and mechanical state of your property without determining its value.

What do I need to prepare?

  • A survey of your property
  • The property’s renovation history