There are many reasons to obtain an appraisal. The most common reason is for real estate and mortgage transactions, but we have compiled a list of other reasons you may need to order an appraisal: to obtain a loan.

• to lower your tax burden.
• to establish the replacement cost for insurance.
• to contest high property taxes.
• to settle an estate.
• to help you make one of the largest financial decisions in your life.
• to provide a negotiating tool when purchasing real estate.
• to determine a reasonable price when selling real estate.
• to protect your rights in a condemnation case.
• because a government agency such as the IRS requires it.
• you are involved in a lawsuit.