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Thursday, March 18, 2010




Glossary of Terms

1 2 3 4 5 7 8 A B C D E F G H I J L M N O P Q R S T U V W Y Z

Home Appraisal

A home appraisal is a written analysis of the estimated value of your property. A qualified appraiser who has training, experience and insight into the marketplace prepares the home appraisal report. It demonstrates approximate fair market value based on recent sales in your neighborhood and is required to purchase or refinance your new home or property. A property appraisal like this is generally required by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property. You can estimate the value of your home using our home value calculator. While this is not an accurate house appraisal - it is only an estimate - it is a quick way to see approximately what your home might appraise for.