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Home Appraisal: What It Is and How It Works | Zillow While a home appraisal and home inspection are both important pre-closing steps, a home appraisal isn't the same as a home inspection An appraisal is an evaluation of the home’s condition to determine its fair market value
APPRAISAL Definition Meaning - Merriam-Webster The meaning of APPRAISAL is an act or instance of appraising something or someone; especially : a valuation of property by the estimate of an authorized person
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
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What are appraisals and why do I need to look at them? An appraisal is an independent assessment of the value of the property When you borrow money to buy or refinance a home, your lender may need to get a new appraisal and may require you to pay for it Your lender may also use other ways to check the value of the home
Real Estate Appraisal - home appraisal - appraiser - real estate . . . Attorneys, accountants and home owners have relied upon the expert appraisal services provided by Mr Grover for over 40 years Services include appraisals for date of death estate, divorce and other legal matters, both retrospective and current
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