An appraisal provides an unbiased, professional opinion of a property's market value. It’s a critical step in most real estate transactions, ensuring that the price being paid or financed reflects the true worth of the property based on current market conditions.
Lenders require an appraisal to confirm that the property is worth the amount being borrowed. This protects both the lender and the borrower by preventing overpayment or overfinancing a home. For buyers, an appraisal offers peace of mind that they’re making a sound investment.
Appraisals are also valuable for refinancing, estate planning, divorce settlements, or property tax assessments. In every case, an accurate appraisal helps support informed financial decisions and fair property valuations.
