Appraisal Methods - An appraisal is an opinion of value or the act or process of estimating value. This opinion is derived by using three common approaches.
Helping the Appraiser - Once you have selected an appraiser, be prepared to answer questions and provide requested information.
Home Market Value - In the real world, very few individuals order appraisal reports to establish an offering price or to substantiate a purchase price.
Needed to Obtain Loan - Usually, individuals applying for a loan are only interested in obtaining the loan and unfortunately are not worried about the prudence of buying the property at the agreed price.
When to Order an Appraisal - There are many reasons to obtain an appraisal, and we have compiled a list of why you may need to order an appraisal.