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Home Appraisal: What It Is and How It Works | Zillow What Is a Home Appraisal? 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
Appraisal: Definition, How It Works, and Types of Appraisals An appraisal is an assessment of the fair market value of a property, business, antique, or even a collectible Appraisals estimate the value of items that are infrequently traded and unique
What Is a Home Appraisal? - Investopedia Home appraisals determine a property's market value and are crucial in real estate transactions The appraisal process costs are typically borne by the buyer Appraisal reports contain
Appraisal | Definition, Purpose, Factors, Process, and Benefits An appraisal is an objective evaluation of a property's market value Performed by a certified appraiser, it plays a central role in various real estate transactions, providing a factual foundation for decision-making
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 - Overview, Purpose, What is Included, Types An appraisal is an independent and objective estimate of an asset’s value conducted by an expert with appropriate credentials The appraiser conducting the estimate of value must be completely independent of all other stakeholders in the transaction