When most people think of a professional appraiser, they think of someone who establishes a property value when selling a home or applying for a mortgage. But the appraisal profession involves much more than real estate valuation. Any time real or personal property, intangible property and nearly anything created by man and God changes hands, is taxed or disputed, an appraisal is often required.

Appraisers use their knowledge of real estate and business to help clients with a wide range of situations, from divvying up an inheritance to setting taxes and disputing zoning laws. Their job demands financial numeracy, and they often compile large amounts of data and carry out complex calculations. They also write reports that demand polished, professional presentation skills. They frequently interact with private and public property records and update them as needed. URL https://www.waddingtons.ca

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Occasionally, people and businesses hire professional appraisers to evaluate assets that cannot be sold or financed—such as art, jewelry, gems and family heirlooms. These appraisals can be particularly challenging because it’s difficult to put a dollar amount on sentimental items. Using the sales comparison approach, an appraiser will research nearby sales of comparable items to determine their relative values.

Some appraisers offer a unique service for homeowners who are struggling with high loan-to-value ratios on their homes. For a fee, they will conduct an appraisal and help the homeowner file a complaint with the mortgage company to get the loan-to-value metric changed. They may also offer advice on how to improve the home’s marketability, such as de-cluttering and making minor repairs.