Residential appraisals are used to help in settling estates. They are also used to reduce the monthly house payments by appraising the property and showing that the borrower has 20% equity in the home. When you have 20% equity you can have the PMI eliminated. Before you move ahead check with your lender first. Another use of an appraisal is to set the listing price of your if you are selling your home. Appraisals are used in divorces to find a value for settlement. There is a difference between licensed and cerified appraisers verses people who say they are real property appraisers. Licensed and certified appraisers have to follow the Uniform Standards of Professional Appraisal Practice (USPAP). Plus the appraisers have to be licensed by the State of Kansas. Be careful who you hire to do an appraisal.

Qualifications: General Certified Real Property Appraiser - 30 years experience.

I can reached by calling 785-623-1634  or email ewuertz@ruraltel.net and will answer your questions.