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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.
What Is a Home Appraisal? 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.
What is a home appraisal? A home appraisal is a licensed or certified appraiser's opinion of a home's value. The appraisal is based on research of recent sales of comparable...
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.
What is a home appraisal? An appraisal is a process used to determine the value of a home.Usually, if the homebuyer is seeking financing for the purchase, the bank or mortgage lender will require ...
A home appraisal is an estimate of the market value of a residential property at a specific point in time, completed by a professional.
Before getting an official evaluation, check the property’s estimated value at Zillow to learn more about factors influencing the property’s current value. How much do appraisals cost? The average home appraisal costs about $400.
A home appraisal is the process lenders require for a property under contract to ensure that the home value is equal to or more than the mortgage loan amount the homebuyer was approved for.
An appraisal is an unbiased professional opinion of a home's value and is required whenever a mortgage is involved in buying, refinancing, or selling property.
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. After all, it’s...