A home purchase is the largest, single investment most people will ever make. The purchase of real property is a complex financial transaction that involves multiple parties beyond buyer and seller. The Realtor aids in the sales process, the mortgage company provides the financing, the title company ensures clear title and a safe transaction. But who makes sure the value of the property is in line with the amount being paid? A real estate transaction is too valuable for all the parties to not bring in an unbiased expert to ascertain a fair market value. This is where an appraisal comes in. An appraisal is an unbiased estimate of the value for a parcel of real estate.
Most people turn to a licensed, professional appraiser like Austin Dodson to provide them with the most accurate estimate of the true value of their property. But of course this is not the only reason to have an appraisal, there are other times when the services of a licensed, independent real estate professional come in handy.