Column: Reviewing the importance of getting a real estate appraisal
Written by Owen Halliday There is a fair bit of confusion about real estate appraisals: What are they? Who does them? When do you need one? Why are they important? How much do they cost? In today’s robust market, appraisals have become even more important. Q: What is an appraisal? A: An appraisal is one person’s opinion as to the value of a property. It may be calculated several ways, but most commonly for real estate appraisals, it is based on a compariso...
Source: losaltosonline.com