Getting real estate is the largest financial decision some people may ever consider. Whether it's a main residence, a seasonal vacation home or one of many rentals, purchasing real property is a detailed transaction that requires multiple parties to see it through.
The majority of the parties participating are quite familiar. The real estate agent is the most recognizable entity in the exchange. Next, the bank provides the money required to bankroll the deal. The title company ensures that all areas of the sale are completed and that a clear title passes to the buyer from the seller.
So, who's responsible for making sure the value of the real estate is consistent with the purchase price? In comes the appraiser. We provide an unbiased opinion of what a buyer could expect to pay — or a seller receive — for a property, where both buyer and seller are informed parties. A licensed, certified, professional appraiser from Dakota Plains Appraisal LLC will ensure, you as an interested party, are informed.