A Residential Real Estate Appraisal is an unbiased opinion of the value of properties including 1-to-4 Family Houses, Co-ops, Condominiums and Townhouses. Residential appraisals are required in many situations, including when buying or selling a home, planning an equity loan, purchasing investment property, refinancing, removing PMI insurance, relocating, dividing property, or resolving tax issues.

Appraisals are also important in underwriting. Lenders generally will not lend more than an asset is worth, so an appraisal helps lenders determine how much financing they can safely provide.

An appraisal is also a useful tool from an investing perspective. Before you purchase a property, an appraisal can help you decide how much you should pay for the asset in the current market. For assets in your portfolio, an appraisal can help you decide what sort of improvements will add value to your properties.