Day: December 4, 2025

Is A Property Appraisal Required? What You Need to Know

Appraiser conducting residential property appraisal inspection

Property appraisals are required in most financed real estate transactions, but are optional for cash purchases. Lenders mandate professional appraisals to verify that property values align with loan amounts, protecting both the institution and borrower from overvaluation risks. The requirement depends on your transaction type, financing method, and specific lender policies. Key Takeaways: Understanding when […]

5 Reasons To Get A Home Appraisal, Other Than When Buying

Home appraiser writing down his observations.

Home appraisals aren’t just for buying and selling property in New York. A home appraisal is an independent professional assessment that determines your property’s current market value. Licensed appraisers evaluate homes based on comparable neighborhood sales, recent market activity, and property conditions. You need a home appraisal for refinancing mortgages, obtaining home equity loans, securing […]