- Home Appraisal: What It Is and How It Works - Zillow
What Is a Home Appraisal? A home appraisal is an estimate of a property’s value by a licensed appraiser Whether you’re buying, selling or refinancing a home, an appraisal is typically an important part of the process because the results can affect the borrower’s ability to receive a loan
- Appraisal: Definition, How It Works, and Types of Appraisals - Investopedia
An appraisal is an assessment of the fair market value of a property, business, antique, or even a collectible Appraisals estimate the value of items that are infrequently traded and unique
- What Is A Home Appraisal And How Do They Work? - Forbes
A home appraisal is how lenders determine if the home you've made an offer to purchase is worth what you've agreed to pay for it
- APPRAISAL Definition Meaning - Merriam-Webster
The meaning of APPRAISAL is an act or instance of appraising something or someone; especially : a valuation of property by the estimate of an authorized person How to use appraisal in a sentence
- What Is an Appraisal? The Appraiser’s Definition | McKissock
An appraisal refers to the process of determining something’s value—a car, a ring, or (in this case) a piece of real estate A licensed appraiser performs an independent, unbiased valuation to determine the current market value of a property, such as a single-family home, farm, or business
- Appraisal | Definition, Purpose, Factors, Process, and Benefits
An appraisal is an objective evaluation of a property's market value Performed by a certified appraiser, it plays a central role in various real estate transactions, providing a factual foundation for decision-making
- Appraisal Definition: How Your Home Value is Determined and Why - HomeLight
An appraisal is both a process and a report Here’s how an appraisal is defined, why you need a value on your home, who can do it, and how it’s done
- What Is A Home Appraisal? - Bankrate
A home appraisal is an objective, professional assessment done by a licensed appraiser to determine how much a home or property is worth For the lender, they are determining collateral value
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