FAQ’s

Our investment in education, training, and technology allows us to develop market leading appraisal reports that are credible, in-depth, high tech, extensively researched, and delivered on time! We take the complex real estate problems and turn them into understandable solutions.

What is an appraisal?

An appraisal is the act or process of developing an opinion of value.

What is an appraiser?

An appraiser is one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.

When is an appraisal required?

An appraisal is required by law for any federally regulated loan. A federally regulated loan is any loan from any financial institution for any real estate purchase or investment.

When is an appraisal needed?

An appraisal is commonly needed for buyers and sellers of real estate, litigation, real estate development, tax appeal, eminent domain, condemnation, and other specific matters varying from estate planning to retirement planning.

How do I know if the appraiser I chose is qualified?

Every certified real estate appraiser is listed with the Wisconsin Department of Regulation and Licensing.

How do I know if the appraiser I chose is competent?

The best way to determine if the appraiser you chose is competent is to simply ask the appraiser and to see previous appraisal experience.

Who or what regulates the appraisal profession?

All certified real estate appraisers are required to abide by the Uniform Standards of Professional Appraisal Practice (USPAP) when developing an opinion of value.

What is the Uniform Standards of Professional Appraisal Practice?

USPAP is designed to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. It is essential that appraisers develop and communicate their analyses, opinions, and conclusions to intended users of their services in a manner that is meaningful and not misleading.

What if I am not sure I need an appraisal?

Simply call Masters-Hall Appraisal for consultation and a free opinion.