Reasons to get an appraisal

Costanzo Appraisal Services, LLC

Every year, countless people in the United States buy, sell or refinance their homes.  Most, if not all, of these transactions include a simple line item for an appraisal.  It has become an understood and accepted part of a real estate transaction.  "Let's bring in the expert and make sure we're not spending too much on this property."

But is this the only reason to get an appraisal? Are there other times when the services of a certified residential real estate appraiser might come in handy?  You bet.

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PURCHASE OF A HOME
One of the most important issues involved in purchasing a property is developing an opinion of what it's worth so that you can make an informed offer to purchase.  A professional appraisal report performed by a qualified, state-certified appraiser can provide you with an objective, third party opinion of a property's current Market Value.  Giving you the peace of mind that you're offering a market supported price for the property. 

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REFINANCE OR GET A HOME EQUITY LOAN
If you need to consolidate bills, pay for college tuition, or just want to tap into the equity of your home, you'll need a new loan, which oftentimes requires a new appraisal of the property.

DIVORCE SETTLEMENT
A divorce can be a particularly difficult time for all parties involved and is often complicated by the difficult decision of "Who gets the house?".  An appraiser can provide you with an objective, third party opinion of a property's current Market Value.  This will allow both parties to be fully aware of what the true market value is. Whether the parties want to sell the home or are involved in a buyout situation, both parties will know they've gotten a Fair Market Value assessment.
 
ESTATE LIQUIDATION
The loss of a loved one is a difficult time and settling an estate often requires an appraisal to establish Fair Market Value for the residential property involved.  At Costanzo Appraisal Services we firmly practice ethical and confidential appraisals and ensure the highest level of discretion. Often the first step in fairly distributing an estate is to understand its true value.  Where property is involved, the appraiser can help determine the Fair Market Value.  This will allow the parties involved to feel confident in knowing they have received a Fair Market Value assessment.

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SELLING A HOME
Whether you choose to sell your home on your own or use the services of a real estate agent, a professional appraisal can help you make an informed decision when determining your selling price.

An appraisal fee is never contingent on valuation or hitting a target price.  A professional appraisal can often help homeowners make the best decisions on investing in their homes and setting a fair sales price.