When Do You Need a Property Appraisal?
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Buying or Selling Property
The most common reason for an appraisal is a real estate transaction. Lenders require appraisals to protect their investment, and sellers use them to set appropriate asking prices.
Refinancing Your Mortgage
When refinancing, lenders need to verify your home's current value to determine loan-to-value ratios and qualification for better rates.
Estate Planning and Probate
Accurate property valuations are essential for estate tax purposes, inheritance distribution, and establishing basis for inherited properties.
Divorce Proceedings
Fair property division requires objective appraisals to ensure equitable distribution of marital assets.
Property Tax Appeals
If you believe your property tax assessment is too high, a professional appraisal can support your appeal.