Appraisal
This tag will feature all of the related blog posts for appraisal related topics. Whether you are getting a loan or purchasing a property with cash, the appraisal helps you know a professional’s opinion of value.
If you are financing a home, a bank requires you to get the home appraised before purchasing. Homeowners looking to refinance will also need to appraise the property. Using financing, buyers and investors can secure capital from the lender to buy as well as renovate a property by using the property as collateral for the loan. The appraised value provides the dollar amount of the collateral.
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