T H E B L O G
What is the Purpose of an Appraisal?
What is the Purpose of an Appraisal? A home serves as collateral for the mortgage loan, so the lender needs to make sure that the home is worth the price being paid. An appraisal provides a means for the lender to determine the value and condition of the property, and analyze the fair market value
Assessed Value, Appraised Value, Market Value - What's the Scoop?
Just what is the difference between appraised value, assessed value, and market value? Does it matter if a home is "listed below appraised value"? Are the terms interchangeable? No. Each is very different so it's important to understand the differences between them. Assessed Value Each city and to