Morrisons Cove Herald - Putting cows on the front page since 1885.

By ASHLEY HICKS
AgChoice Farm Credit 

AgChoice: Land Appraisal 101

 

April 22, 2021



This month, Nick Pease, chief appraiser with AgChoice Farm Credit, discusses appraisals and their role in the land buying process.

Why are appraisals important and why are they needed for a loan?

By definition, an appraisal is an opinion of value that is credible and worthy of belief. Appraisals are completed by a state-certified appraiser, either generally- or residentially-certified, who fulfill the proper certification requirements set by the state and appraisal qualifications board.

Appraisals are most commonly used for mortgage lending, tax appeal, estate settlement and personal knowl...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021