Oct 21, 2024 · An appraisal is a fair market valuation of property, such as real estate, a business, collectible, or an antique, by the estimate of an authorized person.

Dec 6, 2022 · A home appraisal is an assessment of a property’s value. Learn about the home appraisal process, costs and outcomes you can expect.

Nov 1, 2023 · A home appraisal is how lenders determine if the home you've made an offer to purchase is worth what you've agreed to pay for it.

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. How to use appraisal in a …

Aug 7, 2023 · 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 …

May 9, 2024 · 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, …

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 …

Apr 7, 2025 · 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 …

Jan 21, 2025 · An appraisal is both a process and a report. Here’s how an appraisal is defined, why you need a value on your home, who can do it, and how it’s done.

Mar 15, 2023 · Even though you're close to purchasing a home you love, the home appraisal process is a key step to ensuring you make a solid deal.