Home Appraisal: What It Is and How It Works | Zillow
https://www.zillow.com/learn/home-appraisal/
WebDec 6, 2022 · A home appraisal is an estimate of a property’s value by a licensed appraiser. Whether you’re buying, selling or refinancing a home, an appraisal is typically an important part of the process because the results can affect the borrower’s ability to receive a loan.Most lenders require a home appraisal to ensure the borrower isn’t taking a loan out for more money than the property is worth.
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