posted on 06-06-2019


Updated October 1, 2019

What is an Appraisal?

An appraisal is an estimate of the market value of an item by a certified professional.

How Does an Appraisal Work?


Why Does an Appraisal Matter?

Property appraisals are done primarily for taxation and insurance purposes, but may also serve as the basis for an asking price should the owner of a piece of property wish to sell. Appraisals are also valuable for business purposes, as many takeovers are based on a fair valuation of the company’s assets.