When Do I Need a Real Estate Appraiser — and Why?

If you’re dealing with real estate in Philadelphia, Bucks County, Montgomery County, Delaware County, or Chester County, you may find yourself wondering: Do I need a real estate appraiser? The answer depends on your situation—but in many cases, an appraisal is not only helpful, it’s essential.

Here’s a breakdown of when and why you should hire a certified residential appraiser:

1. Buying or Selling a Home

Appraisals are commonly required when financing a home purchase, but they’re just as useful for cash buyers and sellers. An appraisal ensures the home’s price aligns with its true market value, helping buyers avoid overpaying and sellers price competitively.

2. Refinancing Your Mortgage

When refinancing, lenders typically require a current home appraisal to confirm the property’s value still supports the loan amount. A professional appraisal can make or break your ability to secure the best loan terms.

3. Divorce Settlements

In divorce cases, a neutral, certified appraisal is often needed to determine fair market value for equitable property division. It ensures both parties have objective, third-party documentation to support their negotiations or court proceedings.

4. Estate Planning or Probate

When settling an estate or planning for inheritance, an accurate home valuation is crucial. Estate appraisals help determine property value for tax purposes, asset distribution, or legal filings.

5. Appealing Property Taxes

If you believe your home is over-assessed, a formal appraisal can support a property tax appeal. It provides clear, credible evidence of your home’s market value, which may result in a reduced tax burden.

6. Pre-Listing or FSBO Sales

Sellers who want to list their home at a fair, accurate price—especially in For Sale By Owner (FSBO) situations—benefit from an appraisal. It provides a solid foundation for pricing and negotiation.

7. Settling Disputes or Legal Matters

Any legal scenario that involves real estate—such as business dissolution, bankruptcy, or family disputes—may call for a certified appraisal to establish fair value.

Why Work with a Professional Appraiser?

Certified residential appraisers follow USPAP standards and provide unbiased, defensible valuations that can be used in legal, financial, and real estate transactions. At J Graham Appraisals, we bring over 20 years of experience serving Philadelphia and the surrounding counties with accurate, timely, and professional reports.

Need help determining if an appraisal is right for your situation? Contact us today—we’re here to help.