Home Appraisals

A home appraisal is a professional assessment of a property's value, typically conducted when buying, refinancing, or securing a loan. An appraiser evaluates the home's condition, features, location, and recent sales of comparable properties nearby to determine a fair market value. This helps lenders ensure the property's worth matches the loan amount requested, protecting their investment. As a buyer or owner, understanding the appraisal can influence negotiations, loan terms, or refinance options. It’s an important step in verifying that the property's value aligns with market conditions and the transaction's terms.