
What Do I Need to Know about Home Appraisals?
The home appraisal process can be stressful and nerve-wracking, especially if you do not know much about it. It is a process that involves determining the actual value of a real estate property. As a home seller, you need to understand this process before setting the price for selling your property. What Happens During a Home Appraisal? A home appraisal is a type of valuation. Therefore, an appraiser will thoroughly inspect your home during a house appraisal. The appraiser will also compare it with the currently sold homes located in the same locality. They will then compile a report that will help them come up with the appraised value of your home. Here are the things that an appraiser will likely focus on when assessing your home: …