Do I need an appraisal to know what my home is worth?
Find out more about the difference between comparative market analysis and independent appraisals.
At Wolfe & Company Realtors, we VALUE South-Central Pennsylvania. Our knowledgeable and experienced staff includes a Pennsylvania Certified General Appraiser, who has experience appraising all types of real estate within the region. We serve Cumberland, Dauphin, Perry, Franklin Adams and York counties. If you are interested in having a property appraised, contact us today.
Types of Properties Appraised:
- Professional offices
- Medical offices
- Retail properties
- Bank branches
- Shopping centers
- Residential subdivisions & development projects
- Commercial / industrial land
- Hotels / motels
- Industrial properties
- Flex buildings
- Multi-family & apartments
- Mixed-use properties
- Single-family residential (Carlisle only)
- Special purpose properties
What is an appraisal?
According to the Uniform Standards of Professional Appraisal Practice, an appraisal is the act or process of developing an opinion of value. An appraised value is typically expressed as a specific amount or as a range of value. In our market, appraisals are frequently distributed in written report form with thorough analysis and supporting market evidence. Appraisals are completed by appraisers (one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective). Appraisers are certified professionals with expertise and education in property valuation.
When might I need an appraisal?
Appraisals are most often needed for lending purposes because banks/lending institutions view the real estate as collateral for the loan. Appraisals are often needed for litigation proceedings including divorce situations, estate planning, eminent domain proceedings, condemnation, family disputes, partial ownership interests, etc. Appraisals can be used to strengthen a property owner’s position in a tax appeal. A real estate investor may have an appraisal done to analyze if future income streams (such as monthly rent from apartment units) are worth the acquisition price. These are just a few instances where an appraisal might be helpful.
Get an appraisal of your property.
Fill out the form to contact our Pennsylvania Certified General Appraiser.