A home appraisal is an expert’s opinion of how much your home is worth.
Most lenders will order a home appraisal, which gives you a trained professional’s assessment of the home’s market value. The appraisal can include recent sales information for similar properties, the current condition of the property, and the location of the property.
Take a look at this video that shows how a home appraisal works.
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Thanks for reading,
Conrad Meertins, Jr.