The value of a property can fall unexpectedly. People paying high property taxes may request that a property assessment be conducted to adjust the value of the home for purposes of taxation. Likewise, government officials may order an assessment if they think that property values have risen signif...
Get to know the basics on what a home appraisal is, when it takes place and how it factors into your ability to buy a home.
The most common home appraisal involves an appraiser visiting a house and inspecting the inside and outside of the property. An exterior-only inspection, known in the industry as a “drive-by appraisal,” is also possible. There are also “desktop appraisals,” in which the appraiser doesn’t...
Before you buy or refinance a home, your lender will require an unbiased professional appraisal to determine its value. Here's how the process works.
With Better Money Habits® you can learn what a home appraisal is, including the process, what appraisers look for and home appraisal costs. It’s important to understand the ins and outs of a home appraisal before you make any financial moves.
What is the difference between a property appraisal and a valuation? Can I value my own property? What to do if you disagree with a valuation Can I dispute a valuation? Frequently asked questions about property valuation Show more A property valuation is a professional assessment of a property...
What is the Difference Between and Appraisal and an Assessment? In Real Estate, what is a Caravan? What is a Finder's Fee? What is an Appraisal? Discussion Comments ByFa5t3r— On Dec 04, 2012 @pleonasm - That's good practice, but the other thing people need to keep in mind is tha...
On this page, you'll find the legal definition and meaning ofAppraisal, written in plain English, along with examples of how it is used. What is Appraisal? “Determined by a professional appraiser, the estimated value of a property.
How a Qualified Appraisal Works Qualified appraisal refers to a type of appraisal document that meets Internal Revenue Service (IRS) appraisal standards. These appraisals must be conducted by aqualified appraiser.1 Determining the value of a piece of property is especially important when making...
Appraisal What is an Appraisal? An appraisal is best defined as an expert’s estimate of the value of “something.” Within the context of business and finance, that “something” is usually an asset (or a group of assets). Examples of assets that can be appraised include, but are not ...