22 Lessons Learned:
It is good to know that it will be to your advantage to have an unbiased third party who will give you a real estate appraisal service as you purchase or sell a home. The true results of the evaluation is of the utmost importance here no matter the assurance of the other party in using their best people. Thus, it is advisable that the appraisals and home inspections are to be separated from your real estate agents during the transaction, for this will ensure that all aspects are done with legality and above board. It is therefore good to know of some reasons or the benefits and advantages of hiring a state licensed appraisal service compared to just selling or buying a certain property for your use or for others.
Considered as an expert witness is the appraiser who will be called in, and this person will testify as to the correct valuation of the property you are interested once there is the real estate has been assessed or judged. One reason for this is you will be able to see the amount of money from the sale will be enough to present to the court if the sale in the instance would be to repay a debt or as lien holder. Among the many reasons where an appraiser is used in court proceedings is in a divorce settlement, and this is considered as the number one reason. By determining the right value of the property, there will be a fair and equal division in this circumstance.
You would need this appraisal service when there is a need to assess the back taxes in your city, county or state where you belong. Through this assessment, the sale of the person’s property can be determined if enough to cover what is owed to the government. This appraisal may be also be used to correct an amount that the government has found, and thus would ensure that there is a proper recognition of the value of the property of the client. It is therefore advisable that when you look for an appraiser as your witness, that the person has experience in court so that you will be helped and not becomes your financial liability in the process.
Further, there are instances when issues about the domain like property flooding, estate settlements, insect infestation and other civil cases, that would need the proper representation through your appraiser so as to ensure you win in the case.
Be aware that there has been an increase in mortgage fraud cases according to FBI. This would result for homeowners to lose a home or property. To avoid being scammed, you would need the help of these experts. It is important therefore to make your own research in finding an experienced witnesses. They will do the necessary researches that will lead to a more successful negotiation in your property, whether for mortgage, sale or buying.