Why Property Appraisal Matter
Understanding Their Importance

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A real estate appraisal is a crucial step in various real estate transactions, ensuring a property’s

Discover Your Property’s Value. Please contact us for further assistance.

value is fair, accurate, and aligned with market conditions. Whether you’re buying, selling, refinancing, or handling legal matters, a professional appraisal provides credible valuation insights that protect your financial interests.

At Accent Realty, we specialize in residential property appraisals in Pittsburgh, PA, and surrounding counties, delivering unbiased, data-backed appraisals that empower our clients to make confident real estate decisions.

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Why Do You Need an Appraisal?

Appraisals play a critical role in determining a property’s true market value, impacting financial decisions, investments,
and legal proceedings. Here are the most common reasons why individuals and businesses need
professional appraisal services:

PMI Removal – Lower Your Monthly
Mortgage Payments

  • If you purchased a home with a down payment of less than 20%, your lender likely required Private Mortgage Insurance (PMI).
  • A professional appraisal can confirm if your home has gained enough value to remove PMI, potentially saving you hundreds of dollars per month on your mortgage payment.
  • Lenders require an independent appraisal to ensure the home’s current value justifies the removal of PMI.

Asset Valuation – Understand
Your Property’s Worth

  • A real estate appraisal provides a clear financial picture of your property’s value, which is essential for estate planning, taxation, and financial reporting.
  • Investors and business owners rely on appraisals to evaluate assets, determine investment potential, and assess risk.
  • Knowing your property’s worth helps in wealth management, insurance coverage decisions, and long-term financial planning.

Divorce Settlements – Ensure an
Equitable Division of Assets

  • Property appraisals provide an objective, fair-market valuation of real estate assets during divorce proceedings.
  • Courts and attorneys use these appraisals to determine property division and financial settlements.
  • Having an independent appraisal helps both parties reach an agreement without disputes over property value.

Bankruptcy Proceedings – Accurate
Valuation for Legal Compliance

  • If you are filing for bankruptcy, you may need an appraisal to determine your real estate assets’ fair market value.
  • The appraisal ensures the court has an accurate valuation when making financial determinations.
  • Lenders and attorneys require a precise home valuation to assess repayment plans and debt settlements.

Purchasing a Home – Know
Its True Worth

  • Whether you’re a buyer, seller, or lender, a home appraisal determines a fair market value, preventing overpricing or underpricing.
  • Buyers can avoid overpaying, while sellers can set a competitive asking price to attract offers.
  • Mortgage lenders require an appraisal before approving a loan to ensure the property’s value supports the loan amount.

Home Improvements
Maximize Property Value

  • If you’re planning to renovate, an appraisal helps identify which upgrades will provide the best return on investment (ROI).
  • Before listing your home, an appraisal can guide pricing strategies based on recent market trends and property enhancements.
  • A post-renovation appraisal verifies how much value your improvements added to the property.

Estate Liquidation – Settle an
Estate with Confidence

  • When a loved one passes away, estate assets must be properly valued for inheritance, probate, and tax purposes.
  • Executors, heirs, and attorneys rely on appraisals to distribute property fairly among beneficiaries.
  • A certified appraiser ensures the estate complies with legal and tax regulations, avoiding future complications.

Selling a Home – Get the Best
Price for Your Property

  • Pricing a home correctly is key to attracting buyers and selling quickly.
  • An appraisal provides a professional, unbiased valuation, giving sellers confidence in their listing price.
  • Real estate agents use appraisals to justify pricing and negotiate offers with potential buyers.

How an Appraisal Benefits You

  • Eliminates Guesswork

    An objective valuation ensures you aren’t overpaying or undervaluing your property.

  • Supports Loan Approvals

    Banks and mortgage lenders require an independent appraisal before issuing loans.

  • Ensures Fair Transactions

    Whether buying, selling, or refinancing, an appraisal ensures all parties receive a fair deal.

  • Aids in Financial Planning

    Knowing your property’s worth helps with investment decisions and estate planning.

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