All About Appraisals

All About Appraisals

  A home appraisal can affect far more than just your mortgage.   What Is An Appraisal? An appraisal is an unbiased opinion of a specific property’s value on a given date.  The appraiser is expected to value property in a competent, objective, and impartial manner, providing a written statement of valuations, called the appraisal report.  The appraisal report is the conclusion of the appraiser’s analysis of the subject property. Why Do You Need An Appraisal? The majority of appraisals are performed for companies involved in real estate financing.  Almost everyone who purchases a single-family residence will take out a...Read more