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.
Appraisal: A home appraisal is a professional appraiser's estimate of the current market value of a property. Appraisers consider local market conditions as well as the characteristics of the property in question. Mortgage lenders typically require home appraisals for both FHA and conventional loans.he FHA appraisal process involves a detailed review of the home in order to determine its current market value and overall condition. HUD has specific guidelines and requirements for FHA home appraisals in 2014.