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When you buy or refinance a home, your lender will ask for an unbiased home appraisal. Here is how it works, how much it costs, and how to prepare.
Appraisals: What They Are, How They Work An appraisal is a professional assessment of an asset's value, including real estate, businesses or personal items.
If you're buying, selling, or refinancing your home, an appraisal will likely be a part of your process. Here's everything you need to know about home appraisals.
An appraisal is a critical part of the homebuying process. If your home appraisal comes in lower than expected, it can cost you money and delay — or even derail — the entire transaction.
Get guidance from trusted mortgage experts. A lower-than-expected home appraisal can be disappointing, whether you’re purchasing a home or applying for a refinance. A home appraisal that comes ...
How Does a Home Appraisal Work? During an appraisal, the appraiser—who is usually assigned by the lender—will determine the actual worth of the property based on several factors.
Home appraisers have gotten an unusual amount of attention recently thanks to a surge in coverage about racial disparities in home valuations.
How Do Home Appraisals Work? An appraiser will normally start with a comparable sales approach, looking at other homes in the area using recent sales, proximity and similarity as guides. According ...