Many people buy, sell or refinance their home each month, and most of these transactions consist of a simple line item for an appraisal. Almost all lenders require an appraisal before making a loan, and they also require a local expert because the stakes are very high.

A divorce, estate, or probate is a very traumatic experience for all the parties involved. Regardless of the situation, it's wise to get an appraisal so all parties are fully aware of the true market value of their real estate property.

If you are going to sell your home you would be wise to invest in a professional appraisal. Professional appraisals are a great investment. They pay by themselves. Unless a homeowner studies real estate values on a day to day basis, like a professional appraiser does, it's difficult for the homeowner to get an accurate price on real estate values.

Whether you choose to sell your home on your own or with the help of a real estate agent, a professional appraisal will help you make a more informed decision when determining your selling price. With much different interests than a real estate agent, an appraiser has no vested interest in what amount the house sells for.

Performing appraisals for investment and rental properties requires a higher level of understanding of the appraisal process. These types of appraisals are not just concerned with Fair Market Value derived from an analysis of comparable sales, but also rely heavily upon what is the known as the “Income Approach” for determining the value of a property based on the income it generates.

A Mid Michigan Appraisal and inspections appraisal is made in addition to your insurance plan. Together with an appraisal of your property they need to define your level of compensation in case of a loss and allow the insurance company to quantify its danger.