April 19, 2018

To start, a home appraisal is an unbiased estimate of a home's market value. They take place in the home buying process when a buyer uses lender/bank financing to buy a home. Since most people don't have enough money to buy a home outright, appraisals occur in almost all residential real estate transactions. Lenders require home appraisals to be conducted by a licensed Appraiser because they want to make sure the home is being bought at its market value. This is important to them beca...

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