lending: Appraisals: How Can They Be So Different?
- 09/24/15 03:20 AM
Appraisals can be kind of confusing. Even if you remain in the exact same home, your original appraisal could look very different than if you were to have it appraised today. What is an appraisal? It's an in-depth report that shows the exact value of a property based on a number of different factors. Your living space, your view, the year the property was built, and other elements are taken in to consideration in your valuation. Appraisals are required when you're planning to refinance your mortgage, or when you're looking to buy a new home. An appraiser will assess what the fair market … (3 comments)
Appraisals can be kind of confusing. Even if you remain in the exact same home, your original appraisal could look very different than if you were to have it appraised today.
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