Ralph Williams Realty

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Description

The fundamental role of an appraiser is to provide a professional opinion, usually an estimate of market value, to be used in making real estate decisions. Appraisers develop appraisal reports that are the conveyance to another of an appraisal. There are many reasons to obtain an appraisal with he most common reason being real estate and mortgage transactions. Other reasons for ordering an appraisal include: -To obtain a loan. -To lower your tax burden. -To establish the replacement cost of insurance. -To contest high 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. What is the difference between an appraisal and a home inspection? The appraiser is not a home inspector nor does he/she do a complete home inspection. An inspection is a third-party evaluation of the accessible structure and mechanical systems of a house, from the roof to the foundation. The standard home inspector's report will include an evaluation of the condition of the home's heating system, central air conditioning system (temperature permitting), interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement, and visible structure.

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