When you're in the process of purchasing or refinancing a home, hiring an appraiser is essential to determine the property's fair market value. Typically, banks or lenders order appraisals from a list of approved vendors or an Appraisal Management Company (AMC). However, appraisals are also commonly ordered by cash buyers, realtors, investors, accountants, and attorneys. Whether you're buying, selling, or dealing with legal or financial matters related to a property, an appraisal can provide you with an accurate and reliable estimate of its value.