How to Understand Your Home Appraisal

A sign that says understand your home appraisal

COMPS, ADJUSTMENTS, AND THE APPRAISER’S ESTIMATE OF VALUE WHAT IS AN APPRAISAL? A home appraisal is an estimate of your home’s value. It’s simply a professional appraiser’s opinion of what he/she thinks your home may be worth. Mortgage lenders base your loan amount on the LESSER of the appraised value or the purchase price. HOW…

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