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Top Reasons to Obtain a Professional Real Estate Appraisal |
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• Establish market value to sell or buy property.
• Settle insurance claims.
• Establish value to buy property insurance.
• Establish market value to refinance or use for collateral on
another loan.
• Assess current value to get rid of obligation to buy property
mortgage insurance (PMI)
• Reduce property taxes (if market value or property value has
decreased since the property tax assessor last valued it).
• Estate settlement (to be dispersed to heirs or sold or for estate
tax purposes).
• Division of assets-to establish market value in case of divorce,
dissolutions of partnerships, etc.
• Write away or easement appraisal (if owner must sell a piece of
land to the city or state for road widening or to grant an easement,
an appraiser can make sure they are paid the fair current market
value).
• Business appraisals for the purchase, liquidations, financing or
estate tax settlement businesses.
Note: Real estate appraisers must be state licensed and certified to afford
reasonable assurance to the general public of professional
expertise, integrity and responsibility.
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