Appraisals are normally ordered when you are obtaining a loan on a property. However, there are many other reasons why you might want an appraisal.
- To dispute your property taxes
- To establish the replacement cost for insurance purposes
- To settle a divorce
- To settle an estate
- To buy out a partner
- To help negotiate a purchase price either as a buyer or as a seller
- To satisfy the IRS
- To settle a lawsuit
- To protect your rights in a condemnation case