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One term you may have heard but not fully understand is condemnation in the context of real estate appraisals. In such cases, an appraisal plays a pivotal role in determining the fair market value of the property being taken. Appraisers gather extensive market data. What is Condemnation? Why Would a Property be Condemned?
That's where appraisal professionals step in. Selecting the right appraisal professionals can make a world of difference in your real estate transactions, ensuring that you get a fair deal, whether you're buying, selling, or refinancing a property. Appraisal professionals are the individuals entrusted with this crucial task.
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In gathering information to write this post, I was shocked to discover that anyone can legally present themselves as a personal property appraiser. There is no governmental license, proof of knowledge, or certification required to appraise personal property.
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