What is an appraisal?

Nearly all homeowners, or potential homeowners at some point need an appraisal on their property. For lending purposes, the appraiser must be selected by a third party company associated with the bank doing the lending. The large majority of banks will not loan money on a private appraisal you have done on your home. Reach out to your bank about having an appraisal completed for lending purposes. 

A professional certified private appraisal can be used for a variety of reasons. Estate purchase, divorce, determining a value for listing your home, paying cash for a home, disputing an assessors valuation for taxes and finding value for estate taxes or wills are just a few of these reasons. Contact us today if you would like to know if a private appraisal can be helpful for your needs.