What is an Appraisal? - 01/23/11 02:09 PM
What is a Real Estate Appraisal?
Appraisal is a document that gives an estimate of a property's fair market value. An appraisal ascertains the market value of a property. The appraisal is performed by an "appraiser" who is typically a state-licensed individual trained to use existing data to come to a home valuation. In an appraisal, consideration is given to the property, its location, amenities, and the current market values of similar properties.
Why get a Home Appraisal?
An appraisal is a necessary step in the home purchase or home refinance process. Most lenders will not lend on a property without … (3 comments)

 
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Frank Hilliard

Greenville, SC

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