Business profile for Process Solutions in Durango, Colorado. Infofree.com offers unlimited sales leads, mailing lists, email lists.
An appraisal is an unbiased professional opinion of a home's value. Appraisals are almost always used in purchase and sale transactions and commonly used in refinance transactions. In a purchase and sale transaction, an appraisal is used to determine whether the home's contract price is appropriate given the home's condition, location, and features.
An appraisal is an excellent choice when the home is in an upscale or high demand area, when the community location value far exceeds the homes actual value. A good example of this would be a manufactured home located in a resort area, where the home might have an actual book value of say, $50,000.00.