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