An appraisal is an estimate of what your home and property are worth.

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An appraisal is conducted by a professional appraiser to determine the market value of a property based on various factors such as location, condition, size, amenities, and recent comparable home sales in the area. The appraisal is usually required by lenders before approving a mortgage loan and can also be useful for homeowners who want to sell their property, refinance their mortgage, or establish the insurance value of their home.

An Appraisal Is an Estimate of What Your Home and Property