Posts Tagged ‘appraisal’
What’s the Difference between an Appraisal and a Home Inspection?
If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase.…
Read MoreFrequently Asked Questions About the Home Appraisal Process
Whenever a buyer is purchasing a home using a mortgage loan, the appraisal is an integral part of the transaction. However, as with many steps in the home buying process, appraisals can be mystifying—particularly for first-time buyers. Here are answers to a few common questions to help clear up any confusion surrounding home appraisals. What…
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