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A real estate appraisal is a professional estimate of the value of a property, often used to set prices for buying, selling, or refinancing real estate.
Nov 1, 2023 · A home appraisal is a value analysis of your property from a certified or licensed appraiser hired by the lender during the home purchase or refinance process. The lender needs an accurate...
Sep 28, 2021 · Get pre-approved. Home appraisal tips: what to do before an appraisal. First impressions matter, and going the extra mile to learn what to do before an appraisal gives you the opportunity to do the up-front work to showcase your home at its best.
The home appraisal process is important to the seller because it tells them how much their home is worth, also known as the fair market value of their property, and if they priced their home competitively within their housing market.
Jul 21, 2021 · During a home appraisal process, a licensed, independent real estate appraiser gathers information about the house and surrounding property to give an estimate of its current market value. Most often, appraisals are ordered by the mortgage lender who is financing the mortgage for the buyer.
Apr 17, 2024 · 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.
Appraisals: Estimating a home’s value with fresh eyes. Just because you and the sellers have agreed on a price doesn’t mean it’s a done deal—your lender needs to be on board, too....
