Anytime you want to borrow money for a home, you need an appraisal. It is the document that establishes the value of the property, and the amount of collateral you have to secure the loan. However, there are several other times in you life when an appraisal comes in handy. For example, if you are selling your home or planning to buy a new one, you can use an appraisal to determine a fair sales or purchase price. It may be a good idea to get an apprasial when you do your estate planning or when arguing estate taxes. It may be beneficial to get a current apprasial if you are going through a divorce or are disputing the assessed value of your home which determines your property taxes. There are many more situations when an apprasial makes both dollars and sense.

By definition, an appraiser is a disinterested third party that provides an unbiased opinion of the quality, condition and market value of a given property (the Subject). Oddly enough, the document that an apprasier produces is commonly called an appraisal. An apprasier determines the current market value using a structured approach which will vary depending on who is requesting the report and it's intended use.

This report outlines many of the reasons for hiring an appraiser and a list of situations when it is advisable to use one instead of a Real Estate agent.

In this report I'll also list out the items that appraisers look at when they visit your home.
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