2006-06-12 04:44:07 · 5 answers · asked by Lauren C 2 in Home & Garden ➔ Maintenance & Repairs
When evaluating your portfolio and investments it is important to have an up to date appraisal on your home. For most people the money that is tied up in your home is one of the largest investments in a portfolio. It is important to keep an up to date idea of the amount of equity you have built up in your home, the amount that houses in your neighborhood are selling for and the up to date value of your home.
Refinancing, purchasing another home, estate planning, selling your home, for insurance purposes
A good financial advisor will recommend that you have an up to date appraisal of your home for all purposes
2006-06-12 09:20:49 · answer #1 · answered by L C 4 · 0⤊ 0⤋
For the reasons already given above, you may be required to appraise your home. Typically a banker or insurer who is requiring this will place the order to have the home appraised as opposed to having you do it.
If you are just curious to know the value of your home, check out the web site below. For most locations in the US, it will give you a ballpark figure that is based on publically available information such as recent neighborhood sales and tax records.
2006-06-12 10:16:05 · answer #2 · answered by firm_shake 4 · 0⤊ 0⤋
A house appraisal is needed when selling the
house or refinancing the mortgage on the house.
2006-06-12 04:52:23 · answer #3 · answered by urbangirl 2 · 0⤊ 0⤋
some people get their homes appraised when they want to get home owners insurance, and sometimes a mortgage
2006-06-12 05:16:18 · answer #4 · answered by iampoo30 1 · 0⤊ 0⤋
yes, this lets u know that u have enough insurance to cover damages or to rebuild if u ever have a loss. such as a insurance clam due to fire , storm and such.
2006-06-12 04:56:32 · answer #5 · answered by bigg_dogg44 6 · 0⤊ 0⤋