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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 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
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
What are appraisals and why do I need to look at them? An appraisal is a written document that shows an opinion of how much a property is worth The appraisal gives you useful information about the property It describes what makes it valuable and may show how it compares to other properties in the neighborhood
Appraisal - Overview, Purpose, What is Included, Types An appraisal is an independent and objective estimate of an asset’s value conducted by an expert with appropriate credentials The appraiser conducting the estimate of value must be completely independent of all other stakeholders in the transaction