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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
Home Appraisal: What It Is and How It Works | Zillow While a home appraisal and home inspection are both important pre-closing steps, a home appraisal isn't the same as a home inspection An appraisal is an evaluation of the home’s condition to determine its fair market value
APPRAISAL Definition Meaning | Dictionary. com APPRAISAL definition: the act of estimating or judging the nature or value of something or someone See examples of appraisal used in a sentence
What To Know About a Home Appraisal - realtor. com Before you can close on the property, your lender will require a home appraisal, an independent assessment of what the home is actually worth The appraisal protects both you and the lender by
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 | Wex | US Law | LII Legal Information Institute An appraisal is the process by which the value of an item or property is determined This is necessary in a variety of contexts One common instance is in the purchase, sale or refinancing of homes or other real estate