Why do I need an appraisal?

During this time of market instability there are many reasons why you should have your home appraised. Here is a top ten list of reasons to have your home appraised.

TOP 10 REASONS TO HAVE YOUR HOME APPRAISED

10. Concerned homeowners. Many people are scared that their biggest investment is declining in value. This will help clients make smart decisions about refinancing, home improvement loans, the best time to sell.

9. Pre-listing appraisals to Realtor's and homeowners. In today's market an appraisal is needed to validate their asking price. This can be a great marketing tool for a seller.

8. Retirees considering a reverse mortgage.

7. Estate Purposes. Clients often need appraisals to set a base line for taxation.

6. Divorce and dissolution of partnership appraisals for use with attorneys.

5. Appraisal reviews. If you think you had a bad appraisal you can hire an appraiser to review the report and write a review.

4. If you are considering renting a property it is a good idea to have an appraisal that takes into consideration the income approach to value.

3. Date of death valuations to attorneys.

2. Pre-foreclosure valuations to financial counselors and CPAs.

1. Appraisals for FSBO properties. Buyers are still more skittish of FSBO properties, but a current appraisal backing the price adds credibility and makes a buyer feel more secure.