The basics on home appraisals


A property appraisal is a document that provides an estimate of a property's market value. The appraisal is supported by the collection and analysis of data. Lenders require appraisals on properties prior to loan approval to ensure that the mortgage loan amount is not more than the value of the property.



Your home appraisal will be conducted by a real estate appraiser. This person is an impartial, independent third party who will be tasked with providing an objective report on the estimate of value of a property.

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