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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
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
What Is a Home Appraisal? - Investopedia Getting a home appraisal is a crucial part of the home buying process Learn how home appraisals work and how to use them for your advantage
How a Home Appraisal Works and How Much It Costs When you apply for a home loan, a lender will usually require an appraisal of the property, whether you're buying a house or refinancing a mortgage What is a home appraisal? A home appraisal
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
What Is A Home Appraisal? | Bankrate When buying or selling a home, an appraisal determines whether the sale price of the home is more, less or similar to the market value This ensures that the mortgage lender doesn’t lend more
What Is a Home Appraisal? | Everything You Should Know | Citizens Whether you are a homebuyer, seller or homeowner looking for a loan, an appraisal is often a necessary step to completing a real estate transaction An appraiser will look at both the outside and inside of your home as well as any renovations you've made