Thursday, September 28, 2023 / by Alicia Vidal
Understanding Property Appraisals
A property appraisal is an unbiased assessment of a home’s value conducted by a licensed appraiser. The appraiser’s goal is to provide an accurate estimation of the property’s market value based on various factors. This valuation is crucial because it influences your mortgage approval and helps ensure that the property is worth the price you’re paying.
Factors Affecting Home Value
Several factors come into play when determining a home’s value:
Location: The neighborhood and its proximity to schools, shopping centers, pm ...