Reasons you might need a legal, licensed, independent real estate appraisal:
Pre-Sale Decisions
Your appraiser will answer questions like:
''How much should it sell for?''
''Would it be better to paint the entire house first?''
''Should I furnish the basement?''
Your appraiser can tell you what improvements will increase the value of your home the most.
And unlike a Realtor, an appraiser has no vested interest in what amount your house sells for. And thus, the price is more fair to real market value.
Estate Planning, Liquidation or Divorce
Sadly all of these events often involve legal decisions regarding the sale or distribution of an estate.
An appraiser can provide you with a legal appraisal of the estate’s true value.
Property Tax Challenges
A real estate appraiser can help when you are challenging property taxes. While it may not be economical to commission a full appraisal, an appraiser can do a limited appraisal or neighborhood analysis for much less.
These documents can carry a lot of weight when you appear before an appeals board.