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  2. Refinance appraisal: How it works and what to expect - AOL

    www.aol.com/finance/refinance-appraisal-works...

    An appraiser will evaluate things like the recent sale prices for nearby homes with similar sizes and amenities. They will also look at how close your home is to desirable community attractions ...

  3. Refinance appraisal: How it works and what to expect - AOL

    www.aol.com/finance/refinance-appraisal-works...

    A refinance appraisal is often part of the underwriting process for getting a new mortgage to replace your current one. Your lender can order an appraisal to determine your home’s market value ...

  4. Real estate appraisal - Wikipedia

    en.wikipedia.org/wiki/Real_estate_appraisal

    Real estate appraisal. Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation.

  5. Highest and best use - Wikipedia

    en.wikipedia.org/wiki/Highest_and_best_use

    The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...

  6. Comparables - Wikipedia

    en.wikipedia.org/wiki/Comparables

    Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...

  7. Real estate - Wikipedia

    en.wikipedia.org/wiki/Real_estate

    Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.

  8. Broker's price opinion - Wikipedia

    en.wikipedia.org/wiki/Broker's_price_opinion

    A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.

  9. Home Appraisals for Sellers - AOL

    www.aol.com/news/2010-08-17-home-appraisals-for...

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