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what is appraised value: Appraised Value - What Exactly Is It? - 10/25/07 08:03 PM
In pretty much any home transaction, the home needs to be appraised before the lender will give out any money for the home.  An appraiser is hired to do this job and find the appraised value of the home. Home appraisal is not an exact science, it is an opinion of value determined objectively.  Chances are, if you have 10 appraisers appraise the same house, you will get varying levels of appraised value. 
There are a few reasons why appraisals are conducted. While the most common one in a real estate transaction is usually based on market value, a few of … (1 comments)

 
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Eric D. Bolton

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