estimate of the value of property, made by a qualified professional called
an "appraiser". Before a lender will lend you the money for
a home, they will first require an appraisal
to be done by a qualified licensed appraiser.
will go out to the subject property and do an inspection of the inside
and outside of the property and take pictures as well as measurements
to determine square footage.
completed, the appraiser will complete a written report of approximately
twelve to eighteen pages.
appraisal will include an assessment of the value
of the home based on an opinion of fair
sales within your neighborhood during the last twelve months are also
used to determine fair market
prefer to be paid at the door. However, some are willing to be paid at
To Value Ratio