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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, How It Works, and Types of Appraisals 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
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
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
Home appraisal: Process and cost | Rocket Mortgage What is a home appraisal? A home appraisal is a process through which a real estate professional determines the fair market value of a property Home appraisals are typically required when you take out a mortgage, whether to purchase or refinance a house
How Much is a Home Appraisal and How Does It Work? A home appraisal is an assessment of a home’s value Get tips on preparing for one, find out how much it will cost, and learn how to dispute a low home value
What are appraisals and why do I need to look at them? An appraisal is an independent assessment of the value of the property When you borrow money to buy or refinance a home, your lender may need to get a new appraisal and may require you to pay for it Your lender may also use other ways to check the value of the home
Real estate appraisal - Wikipedia Real estate appraisal, home appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value) The appraisal is conducted by a licensed appraiser