Real Estate Terms
APPRAISAL DEFINED
A real estate appraisal helps to establish a property's market value—the likely
sales price it would bring if offered in an open and competitive real estate market.
Lenders use a home’s appraised value to ensure they’re loaning the borrower the
correct amount of money.
Also Known as...
House appraisal, home appraisal, home value appraisal, home valuation, land valuation
Appraisal Related Resources
❱ Beginner's Guide to Home Appraisals
❱ The Difference Between a Comparative Market Analysis and an Appraisal
Related Terms
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