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Why do you need an appraisal?
It is prudent the obtain an appraisal whenever a real estate decision has to be made. For example, a buyer doens not want to pay too much, a seller does not want to sell to low, and an investor wants an adequate return on their equity invested in an income property.
But these are not the only reasons to get an appraisal. There are other instances when a certified, licensed, independent appraiser may be able to assist you:
To obtain a loan.
To assist in making investment property decisions.
To establish the replacement cost of insurance.
To contest property taxes.
To settle an estate.
To provide a negotiating tool when purchasing real estate.
To determine a reasonable price when selling real estate.
To protect your rights in a condemnation case.
Because a government agency such as the IRS requires it.
If you are involved in a lawsuit.
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