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Minor Appraisals

Appraisal Services

Appraisals for Private Sales and Cash Purchases

Not every sale runs through the open market. Family members sell to one another, neighbors buy adjoining property, tenants purchase from landlords, and cash buyers close without a lender — which means no lender-ordered appraisal and no independent check on price.

In these transactions an independent appraisal protects both sides. It gives buyer and seller a neutral, documented basis for the price, helps avoid gift-tax complications in family transfers, and creates a record that holds up if the transaction is ever questioned.

Who commonly needs this

  • Family members transferring property to one another
  • Cash buyers who want assurance before waiving financing
  • Investors buying or selling off-market
  • Neighbors purchasing adjacent lots or homes
  • Attorneys and CPAs advising on related-party transfers

When an appraisal helps

  • A sale between related parties needs a documented arm's-length value
  • You're buying with cash and there will be no lender appraisal
  • An off-market offer arrived and you don't know if it's fair
  • A transfer price needs support for tax purposes
  • Partners are buying each other out of a jointly owned property

Charleston-area experience

Off-market activity is common in the Charleston area — investor purchases in North Charleston and West Ashley, family transfers of long-held property on James and Johns Islands, and cash purchases across the price spectrum. We regularly provide the independent value these transactions otherwise lack.

Frequently asked questions

We've already agreed on a price. Does that affect the appraisal?

No. The appraisal is developed independently of any agreed price. That independence is exactly what makes it useful to both parties and credible to third parties like the IRS.

Is an appraisal really necessary for a family sale?

It's often strongly advisable. Transfers between family members at below-market prices can create gift-tax consequences, and a documented appraisal establishes the market value the transfer can be measured against. Your CPA or attorney can confirm what your situation requires.

Need an Independent Opinion of Value?

Tell us about the property and the intended use of the appraisal. We will review the assignment and contact you with availability, pricing and next steps.