The Intent of the appraisal
What's Your Property Worth?
An appraisal is the most accurate valuation report available.
Our Nationwide Network of Licensed Appraiser Professionals are standing by for your order.
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Ordering an Appraisal It's as simple as 1, 2, 3!
Step 1: Please enter your address and zip code to begin.
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What is it?
An appraisal is the most complete home valuation product available. It is the standard property
valuation report used by lending institutions. An appraisal is a highly accurate opinion of value
from a local, licensed appraiser. An appraiser will make an appointment to view your home and
supply you with a written report that will include an opinion of value in today's market.
Each report will also include comparable sales, formulas and the qualifications of the appraiser.
Who needs it?
An informed homeowner can save literally thousands of dollars on the most valuable investment
that they may possess in their lifetime! Ordering an Appraisal in many cases is an important and wise decision.
Every appraisal is ordered for a specific reason. The following is a list of some of the
reasons why a full blown "traditional" or "conventional appraisal" is necessary.
A New Mortgage through a local bank or lending institution is probably the most
common reason for ordering an appraisal. However, it is important to note that the lending
institution usually requires that the appraiser is on their "approved list". So it is always
a good idea to check with the lender before ordering a report.
2nd Mortgage or Equity loan: This type of loan is typically used for borrowing on the
equity (the difference between your existing loan and the current value of your home). Again it
is a good idea to check with your lender on weather or not you may order this on your own.
By ordering an appraisal you may be surprised at how much equity you have in your home!
Estate sale: In the event of the settling of a family estate where real estate is
involved it is an excellent idea to have an outside source place a value on any real estate.
An appraisal is performed by a unbiased 3rd party who has no financial reward in the outcome.
An appraisal in this case often times will settle any possible disputes.
Divorce: Again it may become necessary to avoid lengthy and costly attorney fees by
having an outside source intervene in obtaining a fair market value. Using FullAppraisals.com
in the event of a pending divorce will be very effective.
Insurance: In the event that your property has been damaged, an appraisal will help
to establish the current "as is" value of your for reimbursement and repair.
Selling your home is an excellent reason to order an appraisal report. Although it
may be necessary to hire a realtor to assist you, an appraisal will give you the objective
opinion that you need when making the decision on a listing price. Sometimes realtors have
a tendency to give the seller an unrealistically high expectation of value. This ultimately
leads to disappointment and price reductions for the seller. Having a realistic view of
your property value before you place it on the market may save you thousands of lost dollars otherwise.
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