How Can I Ensure That I Get a High-Quality Appraisal? | Are There Specialized Fields of Appraising? | What Should I Look for in a Written Appraisal Report?

What Is Appraising?

An ASA-accredited appraiser estimates the value, at a given time and in a given situation, of a particular type of property. These estimates of value are necessary for purposes such as

• Insurance
• Damage and loss claims
• Sale
• Loans (for mortgages, improvements, etc.)
• Equitable distribution (matrimonial issues, including dissolution of marriage)
• Donations, subject to IRS requirements
• Bankruptcy
• Investments
• Securities litigation
• Estate and gift tax returns
• Property tax
• Estate freezes
• Probate of estates for state and IRS requirements