appraisals are for
Clients for appraisal reports include private parties, conservation groups, religious congregations, partners, government entities, clubs and more.
People generally need an appraisal at least once in their lives. When buying a home they may want to know if their offer is reasonable. When selling they may want to see if the listing price is fair. Real estate is a large part of estate planning. One client wanted an appraisal to determine how to best gift their home to their child over time while minimizing the gift tax. Homeowners going through divorce value the marital assets including real estate. Property owners may want to subdivide a lot for their child’s house or for sale. Even if folks never own a home, they may at some time need what is known as a “date of death” appraisal for probate.
Conservation is another reason for appraisals. An unbiased opinion of real estate value is needed for private or government conservation to ensure buyer and seller they have a fair deal.
Houses of worship are bought and sold and congregations often require an appraisal.
Government entities need a bit of land for various reasons such as placement of drainage pipes or road changes and need to determine a fair value for the land.