Tip # 5 Know when to get an appraisal.
You may find that sometimes you can use a good appraisal to benefit you in the marketing of your home or property. And if you get a certified appraisal, you can use it to let potential purchasers know what amount can be financed. However, you must determine whether the costs are worth it or not. Also keep in mind that it has a limited life. An appraisal and a Market Evaluation (provided Free of Charge by a quality REALTOR) are similar in nature, although an appraisal can generally be used to support the $$ financed for your (or possibly a buyers) mortgage. So, by its nature, an appraisal is usually a little more guarded or pessimistic on value.