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 independent, professional opinion of value. An appraisal helps establish a property's market value - the likely sales price it would bring if offered in an open and competitive real estate market. There are three main parts to a home appraisal: 1  Inspection - A licensed appraiser comes to the property and inspects its size, condition, function and quality. 2  Comparables - The appraiser researches similar homes in your area and compares recent sales to determine fair market value.