There are numerous reasons to have an appraisal performed on a property. Purchasing a home is the biggest decision most Americans will ever make, it only makes sense to call in an expert to give you a fair and independent value before you commit to anything. But there are other reasons to invest in an appraisal.

Home Purchase
Before you make the most important decision of your life, shouldn't you be as informed as possible about that decision? Having a certified real estate appraisal professional perform an independent appraisal on the home you have your eye on can provide you with a fair value to offer. Consider the small investment this will be as opposed to the thousands you could lose by making an uninformed offer.

Refinance
If you want to tap into the equity in your home you will need a new loan which almost always means having an appraisal done on your home by a qualified real estate appraisal professional.