Property Appraisals

A property appraisal is an assessment conducted by a licensed professional to determine the value of a property, usually before a sale, mortgage, or refinancing. The appraiser evaluates factors such as the property’s location, size, condition, and recent sales of similar properties nearby. This value helps buyers and sellers agree on a fair price and ensures lenders are making informed decisions when financing a property. Ultimately, a property appraisal provides an unbiased estimate of what a property is worth in the current market.