Real Estate Appraiser, Estate Consultant and Commercial Real Estate Litigation

Real Estate Appraisal FAQ

When to hire an appraiser?

Bankruptcy, Divorce, and foreclosure situations
Government taking situations
For any mortgage and real estate transaction
When applying for a loan against a property
For a tax assessment to reduce property taxes or to dispute improperly assessed taxes
To settle an estate
To determine the property value when buying or selling your property
To settle legal disputes

Who hires an appraiser?

Appraisers are frequently hired by lenders to establish the market value of a property for a loan transaction to ensure that the loan is adequatelly collatoralized by the property. Lawyers and accountants frequently hire appraisers to help determine property values in the course of divorce and estate settlements.

Commercial Real estate appraisal property inspection.

Most commercial appraisals require a field inspection of the property by the appraiser, inclusive of property photos and notes, the date of which becomes the effective date of the appraisal.

What standards must an appraiser follow?

All Ingram Real Estate Group appraisers must ensure that the following items are addressed:

Proper analysis and inclusion of all reported information.
That no major errors of omission or commission were involved.
That all appraisal services were carried out in a meticulous and professional manner.
That the final report is easy to understand, complete and not easily disputed.

Ingram Real Estate Group appraisers are licensed to provide qualified reports and are required to follow the Uniform Standards of Professional Appraisal Practice (USPAP).

Who sees an appraisal report?

Appraisal reports for mortgage transactions may be paid for by the buyer for closing a sale, though the lending financial institution retains the right to use the report and all of its information. When a property owner hires an appraiser directly, however, the property owner retains all rights to the appraisal.