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.
The term appraisal generally implies a professional appraisal by an appraiser familiar with the type of property and its value in the given industry. Probate cases do not often require professional appraisals for cash assets, such as bank accounts, with easily determined cash values.