FAQ

The most common reasons for obtaining an appraisal are related to real estate and financial transactions. Some others could include:

• The need for a loan
• Lowering your taxes
• Issues with property taxes
• Estate settlement
• For a lawsuit

An appraisal is looking at the financial value of the property, while a home inspector is looking at the structure, mechanical, electrical concerns regarding the property and does not determine value.

• The estimated value
• Why the appraisal was obtained
• Who it is for
• The type and definition of value being reported
• Any easements, leases, special assessments, encumbrances, etc.
• And more depending on the type of property.

Yes, you should have some documents ready for review, including, but not limited to:

• Survey of the property
• Title
• Property taxes
• MPAC Assessment