Who Needs an Appraisal and Why?

Appraisals are required by;

  • lenders to provide their clients mortgage financing
  • individuals to access mortgage financing
  • sellers of real property
  • purchasers of real property
  • businesses for asset valuation

 

Appraisals are completed for many purposes including;

  • mortgage financing
  • purchasing and / or selling transactions
  • asset valuations
  • estates
  • matrimonial disputes
  • partnership dissolutions
  • foreclosures
  • taxation
  • insurance purposes
  • expropriation
  • investment decisions
  • litigation