A home appraisal is a crucial step in buying a house. An appraisal report is created by an unbiased, independent third party to assess the property’s financial value. Here’s what you need to ...
Whether you’re a homebuyer or seller, it’s easy to confuse a home appraisal and a home inspection. After all, both involve a professional visiting your home and evaluating the premises.
Learn how fair market value is determined during a real estate appraisal and why market values are really decided by a professional opinion.
When you borrow money to buy a house, mortgage lenders typically require an appraisal — an evaluation of the property’s value — to be sure that they are not lending more than a home is worth.
And, somewhere in that process, most borrowers will need to have a lender complete a home appraisal. Below, we'll break down what to know about this important step in the home equity loan ...
Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Across the 19 East Coast and Midwest ...
If you bought a home after 2009, your appraisal fee almost certainly included hundreds of dollars for a middleman you've likely never heard of.