When you apply for a home loan, a lender will usually require an appraisal of the property, whether you’re buying a house or refinancing a mortgage. What is a home appraisal? A home appraisal is a licensed or certified appraiser’s opinion of a home’s value. The appraisal is based on research of recent sales of... Barbara Marquand is a writer at NerdWallet.
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Barbara Marquand, NerdWallet.com
Wed, 02/26/2020 - 2:49pm
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Use Redfin's home value estimator to get a free, instant home-value estimate, see nearby sales and market trends, and update your home facts and photos. The most accurate online home estimate.
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What Is a Home Appraisal? A home appraisal is an estimate of a property’s value by a licensed appraiser. Whether you’re buying, selling or refinancing a home, an appraisal is typically an important part of the process because the results can affect the borrower’s ability to receive a loan.
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