appraising your home: HOME APPRAISALS: how they work
- 11/30/10 10:15 AM
Home Appraisals: how they work.
If you are paying cash, you do not need a home appraisal...however if you are financing the property, a home appraisal will be required before the lender will approve money for your purchase.
Home Appraising is not a science; it is an OPINION of value, which can vary depending upon the person doing the appraisal. If you hire 3 appraisers to appraise the same property, typically you will get 3 different answers.
This is how a home appraisal works: the appraiser evaluates the property by reviewing the recent sales in the neighborhood to make comparisons. They will compare the … (1 comments)
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Home Appraisals: how they work. 
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