How often should I have my home appraised?
By Bob Millaway, South Jersey Community Expert & REALTOR®
You typically only need a formal appraisal when buying, selling, or refinancing. Between transactions, track your home's value through your agent's annual market check-in, online tools, and monitoring neighborhood sales. If you are considering significant financial decisions, a current appraisal provides the most accurate picture.
Why It Matters
A formal appraisal is the most accurate valuation method. Knowing when to get one saves money on unnecessary appraisals and prevents costly mistakes.
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